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The Ness Company sells $5,000,000 of five-year, 10% bonds on January 1, 2011. The bonds have an effective yield of 9%. A.) At what amount would the

The Ness Company sells $5,000,000 of five-year, 10% bonds on January 1, 2011. The bonds have an effective yield of 9%.
A.) At what amount would the bonds be issued?
b.) At what amount would the bonds be reported on the December 31, 2012 balance sheet?

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The Ness Company sells $5,000,000 of five­year, 10% bonds on January 1, 2011. The bonds have an effective yield of 9%.
A.) At what amount would the bonds be issued?
Assumption: Bonds pay ANNUAL...

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