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On January 1, year 1, ABC. Corp. issued bonds as follows: Face value $9000000 Stated (or coupon) annual rate of interest 10% Coupon is
On January 1, year 1, ABC. Corp. issued bonds as follows: Face value $9000000 Stated (or coupon) annual rate of interest 10% Coupon is paid twice annually. Market annual rate of interest 12 % Term in years 5 How much did the bond sell for? Round your answer to the nearest dollar.
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Forensic Accounting and Fraud Examination
Authors: Mary Jo Kranacher, Richard Riley, Joseph T. Wells
1st edition
047043774X, 978-0470437742
