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Business, 05.05.2020 20:46 dbag1162

Auerbach Inc. issued 8% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $600 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 10%. Assuming that Auerbach issued the bonds for $525,222,000, what would the company report for its net bond liability balance at December 31, 2021, rounded up to the nearest thousand? (Do not round intermediate calculations.)

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Auerbach Inc. issued 8% bonds on October 1, 2021. The bonds have a maturity date of September 30, 20...
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