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Final Exann connect ACCOUNTING instructions I help Question 2 (of 17) | Save & Exit Submit GMAT Corporation is planning to Issue bonds with a
Final Exann connect ACCOUNTING instructions I help Question 2 (of 17) | Save & Exit Submit GMAT Corporation is planning to Issue bonds with a face value of $259,500 and a coupon rate of 5 percent The bonds mature in 7 yeare and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Determine the issuance price of the bonds assuming an annual market rate of interest of 7.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Use the appropriate factorls) from the tables provided. Round your tinat nswer to whole
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