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Determine the cash paid to the investor for the following bond issuance: 2,000,000 (2 millions $) face value semi-annual bond 10 years Stated rate=6%
Determine the cash paid to the investor for the following bond issuance: 2,000,000 (2 millions $) face value semi-annual bond 10 years Stated rate=6% per year Market rate=8.5% per year $120,000 $161,000 $60,000 $80,500
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
