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On Dec 31, 2000, Ruzinski issued $20M of 10yr, 10% bonds. The coupon payments are to be made every 6 months. The market rate at issuance is 14%. What is the journal entry to record payment of maturity value?

2007-06-13 03:16:49 · 1 answers · asked by Jeremy S 1 in Business & Finance Investing

1 answers

You need to use present value tables here. I think you'll find the journal entries on page 3 of the link below very useful.

2007-06-14 02:25:46 · answer #1 · answered by Sandy 7 · 0 0

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