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#3 On January 1, 2014 Aparicio Co. issued five-year bonds with a face value of $700,000 and a stated interest rate of 12% payable semiannually
#3 On January 1, 2014 Aparicio Co. issued five-year bonds with a face value of $700,000 and a stated interest rate of 12% payable semiannually on July 1 and January 1. The bonds were sold to yield 10%. Present value table factors are: Present value of 1 for 5 periods at 10% Present value of 1 for 5 periods at 12% Present value of 1 for 10 periods at 5% Present value of 1 for 10 periods at 6% Present value of an ordinary annuity of 1 for 5 periods at 10% Present value of an ordinary annuity of 1 for 5 periods at 12% Present value of an ordinary annuity of 1 for 10 periods at 5% Present value of an ordinary annuity of 1 for 10 periods at 6% Instructions Calculate the issue price of the bonds .62092 .56743 .61391 .55839 3.79079 3.60478 7.72173 7.36009
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