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April 18, 2014

Homework Help: Accounting

Posted by Helen on Monday, December 5, 2011 at 6:19pm.

Simon issues four-year bonds with a $50,000 par value on June 1, 2011, at a price of $47,974. The annual contract rate is 7%, and interest is paid semiannually on November 30 and May 31.

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