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Make journal entries at th first and second coupon payment

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Reference no: EM132740172

Jan 1 2020 Brightstar issues $1,000,000 of 8% semi-annual 3 year coupon bonds with yield to maturity of 10%. Present value of all future cash flows is $949,242

Problem 1: Make journal entries at the time of issuance

Problem 2: make journal entries at th first and second coupon payment

Reference no: EM132740172

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