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On October 1, 2020, Eastern Timber Inc. has available for issue $930,000 bonds due in four years. Interest at the rate of 7.00% is to
On October 1, 2020, Eastern Timber Inc. has available for issue $930,000 bonds due in four years. Interest at the rate of 7.00% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) a 8% b. 7% C 6% Issue Price
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Financial Management For Non Profit Organizations
Authors: Hani Bashier
1st Edition
979-8863129877
