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Downloads/42004%20(1).pdf QUESTION 4 (a) On March 1, 2016, JATI Furniture Co. issued RM 700,000 of 10 percent bonds to yield 8 percent. Interest is payable

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Downloads/42004%20(1).pdf QUESTION 4 (a) On March 1, 2016, JATI Furniture Co. issued RM 700,000 of 10 percent bonds to yield 8 percent. Interest is payable semiannually on February 28 and August 31. The bonds mature in ten years. JATI Fumiture Co is a calendar-year corporation. Continued... N AS/SMA 6/10 BAC 1614 FUNDAMENTALS OF FINANCIAL ACCOUNTINO 16 OCT 2017 Required (1) Determine the issue price of the bonds using the present value factor of a single amount (PV of 1) and of an annuity (PV of annuity) table (Present value factors table are attached at the end of the page). Show all workings on computation (3 marks) RI

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