When the bonds were sold annual market rate of interest

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Reference no: EM131913420

On January 1 of this year, Nowell Company issued bonds with a face value of $210,000 and a coupon rate of 6.0 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 6.0 percent.

What is the book value of the bonds on December 31 of this year? December 31 of next year?

Reference no: EM131913420

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