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Thursday, February 3, 2011

Houghton Company Bond Issuance Proceeds

Solution is available here for U$0.50
Houghton Company issues $10,000,000, 6%, 5-year bonds dated january 1, 2010. The bonds pay interest semiannually on june 30, and december 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue?

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