BE14-9 (similar to) Skeleton Corporation issued $130,000 par value, 4%, 4-year bonds (i.e., there were 130...
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BE14-9 (similar to) Skeleton Corporation issued $130,000 par value, 4%, 4-year bonds (i.e., there were 130 of $1,000 par value bonds in the issue). Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1. Determine the issue price of the bonds if the market rate of interest is 6%. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) Determine the issue price of the bonds. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If us method, use factor amounts rounded to five decimal places, XXXXXX. Round your final answers to the nearest whole dollar.) The issue price of the bonds is $ BE14-9 (similar to) Skeleton Corporation issued $130,000 par value, 4%, 4-year bonds (i.e., there were 130 of $1,000 par value bonds in the issue). Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1. Determine the issue price of the bonds if the market rate of interest is 6%. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) Determine the issue price of the bonds. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If us method, use factor amounts rounded to five decimal places, XXXXXX. Round your final answers to the nearest whole dollar.) The issue price of the bonds is $
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