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    Bond carrying value

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    Hooker Company sells $200,000 of ten-year, 8% bonds to yield 10% on January 1, 2005. The bonds pay interest annually on December 31. The bonds were sold at a discount of $24,578.

    The bond carrying value at the end of 2006 is

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    Solution Summary

    The solution calculates the bond carrying value for a bond that was sold at a discount.