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Carla Vista College is about to issue $1.05 million of 10-year bonds that pay a 6% annual interest rate with interest payable semi- annually Calculate
Carla Vista College is about to issue $1.05 million of 10-year bonds that pay a 6% annual interest rate with interest payable semi- annually Calculate the issue price of these bonds if the market interestrate is (a) 5%, (b) 696, and (c) 7%. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to decimal places, eg, 5.275.) Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 a) Market interest rate 5% $ to Market interest rate 6% $ (c) Market Interest rate 755
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