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n January 1, 2019, Jason Company issued $5.2 million of 12-year bonds at a 10% coupon interest rate to be paid annually. The following
n January 1, 2019, Jason Company issued $5.2 million of 12-year bonds at a 10% coupon interest rate to be paid annually. The following present value factors have been provided Time PV of a $1 Period Interest PV of $1 Annuity 222 10% 0.319 6.814 81 0.397 7.536 128 0.257 6.194 that was the issuance price of the bonds if the market rate of interest was 8%? Multiple Choice $5,200,000 $5,700,620 $5,983.1201 $6.025.620
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