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On January 2, 2007, Yenn Corporation wishes to issue $2,000,000 (par value) of its 8%, 10-year bonds. The bonds pay interest annually on January 1.
On January 2, 2007, Yenn Corporation wishes to issue $2,000,000 (par value) of its 8%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 10%. Compute the amount that Yenn will realize from the sale (issuance) of the bonds
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Primary English Audit And Test Assessing Your Knowledge And Understanding
Authors: Doreen Challen
2nd Edition
190330086X, 978-1903300862
