On January 1, 2011. Grawp Company purchased $100,000 of 6%, 5 year bonds which pay interest annually on December 31. Grawp purchased the bonds to yield 8%, and intends to hold the bonds to maturity.
Determine the value of the bonds at issuance.
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On January 1, 2011. Grawp Company purchased $100,000 of 6%, 5 year bonds which pay interest annually on December 31. Grawp purchased the bonds to yield 8%, and intends to hold the bonds to maturity.
Determine the value of the bonds at issuance.
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