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Marigold Corp. issued $97000 of ten-year, 8% bonds that pay interest semiannually. The bonds are sold to yield 6%. One step in calculating the
Marigold Corp. issued $97000 of ten-year, 8% bonds that pay interest semiannually. The bonds are sold to yield 6%. One step in calculating the issue price of the bonds is to O multiply $7760 by the table value for 10 periods and 8% from the present value of an annuity table. O multiply $7760 by the table value for 20 periods and 4% from the present value of an annuity table. O multiply $7760 by the table value for 20 periods and 3% from the present value of an annuity table. O none of these answers is correct.
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