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Issue Price Youngblood Enterprises plans to issue $550,000 face value bonds with a stated interest rate of 8%. They will mature in 6 years. Interest
Issue Price Youngblood Enterprises plans to issue $550,000 face value bonds with a stated interest rate of 8%. They will mature in 6 years. Interest will be paid semiannually. At the date of issuance, assume that the market rate is (a) 8%, (b) 6%, and (c) 10%. Required: For each market interest rate, answer the following questions. Refer to the tables above for present value factors. Round calculations and answers to the nearest whole dollar. Market Rate 890 690 10% 1. What is the amount due at maturity? 2. How much cash interest will be paid every six months? 3. At what price will the bond be issued
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