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On January 1,2017,Damron Services issued $20,000 of 8% bonds that mature in five years.The bonds were issued for $19,000.Prepare the journal entry to issue bonds.
Vanguard Index 500
A mutual fund that aims to mirror the performance of the S&P 500, managed by Vanguard.
Passive Investment
An investment strategy involving minimal buying and selling, aiming to benefit from long-term market returns with low fees.
Four-factor Model
A financial model that expands the three-factor model (market risk, size risk, and value risk) by adding a momentum factor to explain stock returns.
Fama and French Factors
Fama and French factors are three factors—market risk, size risk, and value risk—used in explaining portfolio returns beyond the market risk measured by beta.
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