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  • Oct 13, 2011, 02:33 PM
    pshimell
    Determine the issue price of the bonds
    On March 1, 2005, Pyne Furniture Co. Issued $700,000 of 10 percent bonds to yield 8 percent. Interest is payable semiannually on February 28 and August 31. The bonds mature in ten years. Pyne Furniture Co. Is a calendar-year corporation.

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