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Haste Enterprises issues 12-year $1,000,000 bonds that pay semiannual interest of $40,000. W the effective annual rate of interest s %, what the price de
Haste Enterprises issues 12-year $1,000,000 bonds that pay semiannual interest of $40,000. W the effective annual rate of interest s %, what the price de ore Some relevant and irrelevant present value factors: PV of ordinary annuity of $1: n = 12; i = 10% is 6.81369 **PV of $1: n = 12:7-10% is 0.31863 PV of ordinary annuity of $1: n. 24=5.0% is 13.79864 **PV of $1: n = 24:1=5.0% is 0.31007 Multiple Choice $1,000,000 $919,016 $1,551,946 $862,016. Next > 12 of 30
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