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A company issued bonds with a face value of $200,000. The stated interest rate is 5% and the market rate at the issue date was
A company issued bonds with a face value of $200,000. The stated interest rate is 5% and the market rate at the issue date was 6%. The bonds will be repaid in 10 years with interest paid quarterly. What is the issue price of these bonds
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Financial Accounting Theory
Authors: Craig Deegan
2nd Edition
0077126734, 978-0077126735
