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Crosby Corporation issued $350,000 of 12%, 10-year bonds payable on January 1, 2022. The market interest rate at the date of issuance was 10%,
Crosby Corporation issued $350,000 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). Crosby Corporation's year-end is June 30. Read the requirements. 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 is
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Management Information Systems Managing the Digital Firm
Authors: Ken Laudon, Jane P. Laudon
13th edition
133050696, 978-0133050691
