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Chinook Inc. has available for issue a $3,220,000 bond due in eight years. Interest at the rate of 8.00% is to be paid semiannually. Calculate
Chinook Inc. has available for issue a $3,220,000 bond due in eight years. Interest at the rate of 8.00% is to be paid semiannually. Calculate the issue price if the market interest rate is:
| Market Interest Rate | Issue Price | |
| a) | 7.5 | |
| b) | 8.00 | |
| c) | 8.75 |
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Auditing Principles Techniques And Practices
Authors: Mustaq Ahmad, Mohd Ashraf Ali
1st Edition
8184841949, 978-8184841947
