Question
Exxon Mobil Corporation issued 8-year bonds with a face value of $1,200,000 on January 1st, 2023, with a stated interest rate of 7% payable semi-annually.
Exxon Mobil Corporation issued 8-year bonds with a face value of $1,200,000 on January 1st, 2023, with a stated interest rate of 7% payable semi-annually. The market interest rate at the time of issuance was 6%. Calculate the issue price of the bonds. ### question_divider ### Walmart Inc. acquired a 30% stake in Target Corporation for $2,000,000 on January 1st, 2023. Target Corporation reported net income of $400,000 for the year ended December 31st, 2023. Calculate Walmart Inc.'s share of income from its investment in Target Corporation for the year.
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