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Home Q & A Board Other Fields Homework Help Business Accounting
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kg0923 kg0923
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5 years ago
Cox Corporation invested in the bonds of Latif Industries on January 1, 2015.  These 10 year, $100,000 bonds pay interest of 3% every June 30 and December 31.  The effective rate of interest for similar bonds on January 1 was 4%.  What is the purchase price of these bonds?
A) $100,000
B) $97,000
C) $104,000
D) $91,824
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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griffinpgriffinp
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kg0923 Author
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5 years ago
Helps a lot... Now I'm ready for my quiz
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