On January 1, 2016 Nezcorp issues a 1-year 10% $100,000,000 bond in a 7% market. bond pays semi-annual interest
Determine the issue price (round to nearest dollar)
Prepare the journal entries on:
January 1, 2016
Alternative: What if the bond was issued on February 1 rather than on January 1 (round all numbers to nearest dollar)?