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Computing Bond Issue Price Bushman, Inc., issues $600,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price
Computing Bond Issue Price Bushman, Inc., issues $600,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the bonds' market rate is: a. 10% per year compounded semiannually. Round your answers to the nearest dollar. Present value of principal repayment $ 0 x Present value of interest payments $ OX Selling price of bonds $ b. 12% per year compounded semiannually. Round your answers to the nearest dollar. Present value of principal repayment $ OX Present value of interest payments $ OX Selling price of bonds $ OX
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