(APPENDIX) BOND ISSUE PRICE On December 31, 2009, Callahan Auto issued $1,500,000 of 8 percent, 10-year bonds....
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(APPENDIX) BOND ISSUE PRICE On December 31, 2009, Callahan Auto issued $1,500,000 of 8 percent, 10-year bonds.
Interest is payable semiannually on June 30 and December 31.
Required:
What is the issue price if the bonds are sold to yield 6 percent (round to nearest dollar)?
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ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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