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Cainas Cookies issues a $100,000, 6%, 10 year bond when the market rate is 8%. The bond pays interest on 6/30 and 12/31 of each

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Cainas Cookies issues a $100,000, 6%, 10 year bond when the market rate is 8%. The bond pays interest on 6/30 and 12/31 of each year. To solve for the issue price of the bond, I need to solve for: $100,000 (PV ss n = 10 1 = 8%) + $6,000 (PV ann n = 20 1 = 4%) $100,000 (PV ss n = 20 1 = 4%) + $3,000 (PV ann n = 20 1 = 4%) $100,000 (PV ss n = 20 1 = 3%) + $4,000 (PV ann n = 20 1 = 3%) $100,000 (PV ss n = 101 = 8%) + $3,000 (PV ann n = 10 1 = 8%)

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