Question
Given below are the present value factors for $1.00 discounted at 10% for one to five periods. Each of the items 35 to 37 is
Given below are the present value factors for $1.00 discounted at 10% for one to five periods. Each of the items 35 to 37 is based on 10% interest compounded annually. Present Value of $1 Periods Discounted at 10% per Period 1 0.909 2 0.826 3 0.751 4 0.683 5 0.621 JIN Corp. issues a bond on January 1, 2017. The terms of the bond are three year, $10,000, 8% interest rate. How much is the bond price at the issuance date? Group of answer choices
$10,000 0.751
$10,000
($800 0.909) + ($800 0.826) + ($10,000 0.751)
($800 0.909) + ($800 0.826) + ($10,800 0.751)
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