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Determining Selling Prices of Bonds Under Different Interest Assumptions Olay Inc. issues $160,000, 8%, 10-year bonds payable on January 1, 2020. Calculate the selling price
Determining Selling Prices of Bonds Under Different Interest Assumptions Olay Inc. issues $160,000, 8%, 10-year bonds payable on January 1, 2020. Calculate the selling price of the bonds under the following separate assumptions. Round your answer to the nearest whole number. Do not use negative signs with your answers. $ 0. $ O a. The bonds pay cash interest annually ($12,800) and the market rate of interest on similar bonds is 10%. b. The bonds pay cash interest annually ($12,800) and the market rate of interest on similar bonds is 8%. C. The bonds pay cash interest annually ($12,800) and the market rate of interest on similar bonds is 6%. $ d. The bonds pay cash interest semiannually ($6,400) and the market rate of interest on similar bonds is 10%. $ e. The bonds pay cash interest semiannually ($6,400) and the market rate of interest on similar bonds is 8%. f. The bonds pay cash interest semiannually ($6,400) and the market rate of interest on similar bonds is 6%. $ o o $ 0 0
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