Calculating Interest Payments on a Bond
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On October 31, 2011, Bondable, Inc. issued $20,000 of 10-year, 6% bonds at 100. The bonds pay interest annually on October 31. On its statement of cash flows for the year ended December 31, 2011, Bondable will show Cash paid for interest of ______________.
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This solution provides steps to calculate interest payments on a bond.
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You have to compute the accrued interest for 2 months (Nov & ...
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