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Business, 15.07.2021 22:30 christophercordero15

Kaye Co. issued $2 million face amount of 9.5%, 20-year bonds on April 1, 2013. The bonds pay interest on an annual basis on March 31 each year. Assume that market interest rates were slightly lower than 9.5% when the bonds were sold. Would the proceeds from the bond issue have been more than, less than, or equal to the face amount

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Kaye Co. issued $2 million face amount of 9.5%, 20-year bonds on April 1, 2013. The bonds pay intere...
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