Find market yield for bonds of risk and maturity, Accounting Basics

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Find market yield for bonds of risk and maturity

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Q: The Gorman Group issued $900,000 of 13% bonds on June 30, 2011, for $967,707. The bonds were dated on June 30 and mature on June 30, 2031 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually on December 31 and June 30

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Accounting Basics: Find market yield for bonds of risk and maturity

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Accounting Basics: Find market yield for bonds of risk and maturity

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