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Can you please provide help using the excel function of PV? I'm not sure what I am calculating incorrectly. Abbington Inc. issues $700,000 of 9%
Can you please provide help using the excel function of PV? I'm not sure what I am calculating incorrectly.
Abbington Inc. issues $700,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is: Note: Round your answer to the nearest whole dollar. a. 8% per year compounded semiannually. $ b. 10% per year compounded semiannually
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