Question
On January 1, 2019, ShineDigital Corp. issued $5.17 million of 10-year bonds at a 10% coupon interest rate to be paid annually. The market interest
On January 1, 2019, ShineDigital Corp. issued $5.17 million of 10-year bonds at a 10% coupon interest rate to be paid annually. The market interest rate was 10% at issuance. The issuance price is closest to:
Multiple Choice
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$4,916,670.
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$5,170,000.
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$4,585,790.
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$5,862,780.
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Advances In Accounting Volume 23
Authors: Philip M J Reckers
1st Edition
0762314257, 9780762314256
