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Find what should be the issue price of bonds payable

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Question 1: On January 1, 2014 ABCD ltd issues 20,000 $100 face value bonds carrying a coupon rate of 10% and payable semiannually. The term of the bond is 8 years. what should be the issue price of Bonds payable under these there situations? also provide journal entry on the issuance of bonds under each situation. When market rate is 10%

When market rate is 8%
When market rate is 12%.

Reference no: EM132565681

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