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Greg issued a bond where he promised to pay $60 every 6-months for 10 years and at the end of 10 years, he will also
Greg issued a bond where he promised to pay $60 every 6-months for 10 years and at the end of 10 years, he will also pay $1,000 to whomever owns the bond. When Greg issued the bond, the stated rate was 12% and the market rate was 11%. What was Greg's issue price for this bond? (ROUND TO NEAREST CENT) 4
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Management Accounting A Decision Emphasis
Authors: Don T. DeCoster, Eldon L. Schafer, Mary T. Ziebell
4th Edition
0471637130, 978-0471637134
