Question
A company issued $1,280,000 worth of 7-year bonds with a 5% interest rate. Interest is to be paid annually. The bond issue date is January
A company issued $1,280,000 worth of 7-year bonds with a 5% interest rate. Interest is to be paid annually. The bond issue date is January 1, 2018 and the company has a year-end of December 31. Calculate the bond issue price under each market interest rate. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. For bond calculations, use the PV tables at the end of Chapter 17 textbook.
Market Interest Rate Bond Price
4% $Answer
5% $Answer
6% $Answer
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
