Bond pays semi-annual interest

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Reference no: EM131288086

On January 1, 2016 Nezcorp issues a 1-year 10% $100,000,000 bond in a 7% market. bond pays semi-annual interest

Determine the issue price (round to nearest dollar)

Prepare the journal entries on:

January 1, 2016

Alternative: What if the bond was issued on February 1 rather than on January 1 (round all numbers to nearest dollar)?

Reference no: EM131288086

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