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Marwick Corporation Issues 8%, 5 year bonds with a par value of $1,150,000 and semiannual Interest payments. On the issue date, the annual market rate
Marwick Corporation Issues 8%, 5 year bonds with a par value of $1,150,000 and semiannual Interest payments. On the issue date, the annual market rate for these hands is 6%. What is the bond's issue (selling) price, assuming the following Present Value factors: in= Present Value of an Annuity (series of payments) 3.9927 8.1109 4.2124 8.5302 Present value of 1 (single sum) 2.6886 8.6756 8.7473 8.7441 Multiple Choice o O $1150,000 o 0 $909.211 o O $1,22389 o O $1248 104 o
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