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Need Help keep getting the answer wrong On January 1 , Ruby Inc. issued 1 , 0 0 0 of $ 1 , 0 0
Need Help keep getting the answer wrong
On January Ruby Inc. issued of $ par value bonds with a stated rate of and a year maturity. Interest is payable semiannually on June and
December Use Future Value of a Single Amount, Present Value of a Single Amount, Future Value of an Annuity and Present Value of an Annuity
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What is the issue price if the bonds are sold to yield Round factors to five decimal places and final answer to the nearest dollar.
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