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Business, 21.02.2020 02:55 hhgjhbmbhg266

Mitchell Inc. issued 64, 6%, $1,000 bonds on January 1, 2020. The bonds pay cash interest semiannually each July 1, and December 31, and were issued to yield 7%. Debt issuance costs were $1,280. The bonds mature December 31, 2022, and the company uses the effective interest method to amortize bond discounts and debt issuance costs. Determine the selling price of the bonds, net of debt issuance costs. Round to the nearest dollar.

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Mitchell Inc. issued 64, 6%, $1,000 bonds on January 1, 2020. The bonds pay cash interest semiannual...

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