Business, 23.10.2021 21:10 katlynnschmolke

On January 1, 2019 Lambert Co. sold to Day Corp. $400,000 of its 10% bonds for $354,118 when the market rate is 12%. Interest is payable semiannually on January 1 and July 1. What is the carrying value of the bonds on July 1, 2019 (after one interest payment): Just think! Question 8 options: 1) $400,000 2) $354,118 3) $355,365 4) This is too hard. Ask Mayor Lightfoot

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On January 1, 2019 Lambert Co. sold to Day Corp. $400,000 of its 10% bonds for $354,118 when the mar...