Vadel6238 Vadel6238
  • 25-11-2022
  • Business
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Stanford issues bonds dated january 1, 2021, with a par value of $500,000. The bonds' annual contract rate is 9%, and interest is paid semiannually on june 30 and december 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $463,140.

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