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A municipality issues ten year bonds in the amount of $1,000,000.Interest on the bonds is 3% payable annually.What is the issue price of the bonds
A municipality issues ten year bonds in the amount of $1,000,000.Interest on the bonds is 3% payable annually.What is the issue price of the bonds if the bonds are sold to yield 4% compounded quarterly?
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Mergers Acquisition And Other Restructuring Activities
Authors: Donald M. Depamphilis
6th Edition
123854857, 978-0123854858
