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Hi Can you for this question, How can Iused BAII Plus calculator? Thanks Exercise 15-3 Sunland College is about to issue $1.13 million of 11-year
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Can you for this question, How can Iused BAII Plus calculator?
Thanks
Exercise 15-3 Sunland College is about to issue $1.13 million of 11-year bonds that pay a 11% annual interest rate, with interest payable semi-annually. Calculate the issue price of these bonds if the market interest rate is (a) 10%, (b) 11%, and (c) 12%. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round nal answer to a decimal places, e.g. 5,275.) Click here to view the factor table. (a) Market interest rate 10% $ (b) Market interest rate 11% $ (c) Market interest rate 12% $Step by Step Solution
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