epicchicken420
epicchicken420
09.02.2022 • 
Business

On January 1, 2022, the company has issued a 14 year $100,000 bonds payable. The bond calls for an annual payment of interest on 12/31 at a contractual (stated) rate of 6%. Given the credit standing of the company, an interest rate of 8.25% has been imputed as the effective rate. The principal amount of the bond is due at maturity

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