(Solved) On the first day of the fiscal year, a company issues a

July 21, 2017UncategorizedBy classhelp24@gmail.com [email if you need fresh paper done]

On the first day of the fiscal year, a company issues a $7,600,000, 12%, 8-year?bond?that pays semiannual interest of $456,000 ($7,600,000 ? 12% ? ?), receiving cash of $7,997,561.

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