Nike issued 15-year 9 bonds with a par value of 200000

Reference no: EM13609250

Nike issued 15-year, 9% bonds with a par value of $200,000. Interest is paid semiannually. The market rate on the issue date was 8.5%. Nike received $216,776 in cash proceeds. Which of the following statements is true?

Reference no: EM13609250

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