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Acme Incorporated issued bonds with a face (par) value of $1 Million dollar on Jan 1, 2021. The bonds had a stated interest rate of
Acme Incorporated issued bonds with a face (par) value of $1 Million dollar on Jan 1, 2021. The bonds had a stated interest rate of 8%, payable semi-annually for 6 years. The market interest rates at the issuance date are 10%.
I get 874,360 as my answer, can anyone confirm that.
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