Question
Heller Company issues $950,000 of 12% bonds that pay interest semiannually and mature in 10 years. What is the bonds issue price assuming that the
Heller Company issues $950,000 of 12% bonds that pay interest semiannually and mature in 10 years. What is the bonds issue price assuming that the bonds market interest rate is 10% per year?
| A. | $ 950,000 | |
| B. | $1,068,391 | |
| C. | $ 626,485 | |
| D. | $1,111,758 | |
| E. | None of the above |
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The Management Audit How To Create An Effective Management Team
Authors: Michael Craig-Cooper, Philippe De Backer
1st Edition
0273600044, 978-0273600046
