Question
Lunar, Inc., plans to issue $500,000 of 6% bonds that will pay interest semiannually and mature in 5 years. Assume that the eective interest rate
Lunar, Inc., plans to issue $500,000 of 6% bonds that will pay interest semiannually and mature in 5 years. Assume that the eective interest rate is 8% per year compounded semiannually. Compute the selling price of the bonds. Use Tables A.2 and A.3 in Appendix A near the end of the book. Round answer to the nearest whole number.
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Water Audits And Loss Control Programs Manual Of Water Supply Practices M36
Authors: AWWA Staff
3rd Edition
1583216316, 978-1583216316
