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On January 1 , Ruby Inc. issued 1 , 5 0 0 of $ 1 , 0 0 0 par value bonds with a stated
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. Required: 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.
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.
Required:
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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