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On Dec. 1, a company issued $5,000,000 of 4%, 10-year bonds. The market interest rate on Dec. 1 was 4.25%. How much cash will the
On Dec. 1, a company issued $5,000,000 of 4%, 10-year bonds. The market interest rate on Dec. 1 was 4.25%. How much cash will the company receive from the bond issue?
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Management Audits For Excellence
Authors: Dorsey J. Talley
1st Edition
0873890396, 978-0873890397
