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On October 1, 2020, Eastern Timber Inc. has available for issue $940,000 bonds due in four years. Interest at the rate of 7.50% is to
On October 1, 2020, Eastern Timber Inc. has available for issue $940,000 bonds due in four years. Interest at the rate of 7.50% 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.) Issue Price a 85% b. 7.5% c 65% search Ts # 0 B 54 E R &7 74 * D 0 8 21 3 0 P
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