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    Prepartion of entries to record bond transactions

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    On July 1, 2002, Imperial Oil Company issues $2,000,000 face value, 12%, 10-year bonds at $2,249,245. This price resulted in a 10% effective-interest rate on the bonds.

    Full problem is on the attached excel file

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    https://brainmass.com/business/interest-rates/prepartion-of-entries-to-record-bond-transactions-51789

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