On june 30, 2018, hardy corporation issued $10.5 million of its 8% bonds for $9.5 million. the bonds were priced to yield 10%. the bonds are dated june 30, 2018. interest is payable semiannually on december 31 and july 1. if the effective interest method is used, by how much should the bond discount be reduced for the six months ended december 31, 2018?

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.