I-Bar Co. sold bonds on January 1, 2012. The bonds pay interest on January 1 and July 1 and I-Bar. Data relating to these bonds are as follows: Face $100,000 Stated Rate 8% Issued at 92.278% Effective Rate 10% Instructions: a) Calculate the Semi Annual Bond Interest Rates b) Calculate the Cash Received from the Bond Sale Annual Semi-Annual Stated Rate Effective Rate Cash Received
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