Question
On January 1, 2019, CoryCo, Inc.. issued $3,000,000 par value 12%, 10-year bonds which pay interest each December 31. If the market rate of interest
On January 1, 2019, CoryCo, Inc.. issued $3,000,000 par value 12%, 10-year bonds which pay interest each December 31. If the market rate of interest was 14%, what was the issue price of the bonds?
$2,687,033.
$3,000,000.
$2,843,172.
$3,339,084.
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The Book Marketing Audit
Authors: Kilby Blades
1st Edition
0985798335, 978-0985798338
