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How would I even figure out how to find the answer, what are the formulas or steps to get this? Issue Price of a Bond
How would I even figure out how to find the answer, what are the formulas or steps to get this?
Issue Price of a Bond Maggie Enterprises issued $100,000 of 6%, five-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield (a) 5% (b) 10%, and (c) 2%. Use financial calculator or Excel to calculate answers. Round answers to the nearest whole number. a) 100,374 x b.) 91,889x C.) O Check
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