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What is amount of bond liability that thorne incorporated

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Reference no: EM132511924

Thorne Incorporated, a medical services company, issued a bond with zero face value . The bond will last 3 years, with monthly cash interest payments of $830.36. Thorne Incorporated has an estimated annual market interest rate of 12%.

Question 1: What is the amount of the bond liability that Thorne Incorporated must record at the time the bond is signed? Round your answer to the nearest dollar. (Do not write the dollar sign.)

Reference no: EM132511924

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