Private investor to fund aninternational expansion

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On June 1, 2016 a 3-year bond was issued to a private investor to fund aninternational expansion. The bond had a face value of $800,000 and makesquarterly interest payments of $24,000 (the first payment was made on time onSeptember 1, 2016). The bond was sold for $841,031. Also - 123 Inc.'s CEO justattended a corporate finance seminar and learned about bond yields, she wouldlike you to calculate the yield that her company's bonds' offer. (Note: this mayrequire you to reach beyond the material covered in class.)Hint: you need to show the journal entries required for the 2016 and 2017 fiscalyear ends, and for each interest payment paid in 2016 and 2017.

Reference no: EM131444118

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