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Find the Bond Carrying Value

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Question - On 1/1/18, the Howson Company issued a $100,000, 8%, 5-year bond. Interest is paid each June 30 and December 31. The bond sold for $104,158 to yield 7%. The effective interest method is used.

Find the Bond Carrying Value at 12/31/18?

a. $103,437

b. $104,879

c. $103,717

d. $103,449

e. $102,690

Reference no: EM132597996

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