Question
On January 2, 2017, Sunland Company wishes to issue $7100000 (par value) of its 6%, 10-year bonds. The bonds pay interest annually on January 1.
On January 2, 2017, Sunland Company wishes to issue $7100000 (par value) of its 6%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 11%. Using the interest factors below, compute the amount that Sunland will realize from the sale (issuance) of the bonds.
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Financial Accounting
Authors: Karen Bird, Gene Imhoff
5th Edition
0984200568, 978-0984200566
