How much is the bond issue cost » Full Grade
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Question – How much is the bond issue cost? OCR Corporation is authorized to issue $1,000,000 of 5-year bonds dated June 30, 2019 with a stated interest rate of 10%. Interest on the bonds is payable semi-annually on June 30 and December 31. The company uses the effective interest method. The bonds were sold to yield 8%. How much is the bond issue cost?
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