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A corporate bond, Aaa credit, with a par value of $1000 is quoted at 94 3/8. What is the cost of the bond?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A corporate bond, Aaa credit, with a par value of $1000 is quoted at 94 3/8. What is the cost of the bond?

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