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Goro Inc. issues a bond with the following details: - Face Value - $1,200,000 - Coupon Rate -6% - Market Rate - 5% - Interest
Goro Inc. issues a bond with the following details: - Face Value - \$1,200,000 - Coupon Rate -6\% - Market Rate - 5\% - Interest is paid semi-annually What is the issue price of this bond? $998,000$1,340,000$1,200,000$1,180,478 Goro Inc. issues a bond with the following details: - Face Value - \$1,200,000 - Coupon Rate -6\% - Market Rate - 5\% - Interest is paid semi-annually What is the issue price of this bond? $998,000$1,340,000$1,200,000$1,180,478
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