Question
On January 1, Aegnir Corp. issued 200, 10 year, 7%, $1,500 bonds with cash interest payable on July 1 and January 1. The market price
On January 1, Aegnir Corp. issued 200, 10 year, 7%, $1,500 bonds with cash interest payable on July 1 and January 1. The market price for bonds of similar risk is 6%. What is selling price of the bonds? Round your calculation to the nearest dollar.
Select one:
a. $278,682
b. $300,000
c. $327,003
d. None of these numbers are correct
e. $322,316
f. $283,158
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Accounting Chapters 14-23
Authors: Charles T. Horngren, Walter T. Harrison Jr, M. Suzanne Oliver
8th Edition
0136073018, 978-0136073017
