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11. On January 1, 2019, Jason Company issued $5 million of 10-year bonds at a 10% coupon interest rate to be paid annually. The following
11. On January 1, 2019, Jason Company issued $5 million of 10-year bonds at a 10% coupon interest rate to be paid annually. The following present value factors have been provided: Time Period Interest PV of S1 PV of a $1 Annuity 10 10% .386 6.140 10 .463 6.710 10 12% .322 5.650 Calculate the issuance price if the market rate of interest is 12%. 8% A54.427.500 B.14.457.500 $4.435.000 D. $5.000.000
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Advanced Financial Reporting And Analysis
Authors: John Dunn, Margaret Stewart
1st Edition
0470973609, 9780470973608
