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Blossom Corporation issues $ 5 5 0 , 0 0 0 of 1 2 % bonds that are due in 8 years and pay interest
Blossom Corporation issues $ of bonds that are due in years and pay interest semiannually. At the time of issue, the
market rate for such bonds is
Click here to view the factor table PRESENT VALUE OF
Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF
Calculate the bonds' issue price by using the factor tables provided a financial calculator, or Excel function PVHint: Refer to
Chapter for tips on calculating.Round present value factor calculations to decimal places, eg and final answer
to decimal places eg
Issue price of bond
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