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answer asap N % PV$1 PVA 5 10% 0.620921 3.790787 5 12% 0.567427 3.604776 10 5% 0.613913 7.721735 10 6% 0.558395 7.360087 The company issues
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N % PV$1 PVA 5 10% 0.620921 3.790787 5 12% 0.567427 3.604776 10 5% 0.613913 7.721735 10 6% 0.558395 7.360087 The company issues a bond with a stated interest rate of 10%, face value of $50,000, and due in 5 years. Interest payments are made semi-annually. The market rate for this type of bond is 12%. What is the issue price of the bond (rounded to nearest dollar) Step by Step Solution
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Forensic Accounting
Authors: Greg Shields
1st Edition
1727480988, 978-1727480986
