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Corporation issued $900,000 of 12%, 10-year bonds payable on January 1, 2022. The market interest rate at the date of issuance was 10%, and the
Corporation issued $900,000 of 12%, 10-year bonds payable on January 1, 2022. The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually (on June 30 and December 31). Jackson Corporation's year-end is June 30. Read the requirements LOADING... . Question content area bottom Part 1 1. Using the PV function in Excel, calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds
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