Question
On January 2, 2020, Wine Corporation wishes to issue $6,000,000 (par value) of its 8%, 10-year bonds. The bonds pay interest annually on January 1.
On January 2, 2020, Wine Corporation wishes to issue $6,000,000 (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 Wine will realize from the sale (issuance) of the bonds. the answer should be 5262408
solve it using the calculator method(PV= FV= N= ) and show ur work
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
