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ow.com/im/takeAssignment/takeAssignmentMain.do?invoker-StakeAssignmentSessionLocator &inprogress=false eBook (Appendix 94) Bond Issue Price On January 1, Ruby Inc. issued 3,500 of $1,000 par value bonds with a stated rate
ow.com/im/takeAssignment/takeAssignmentMain.do?invoker-StakeAssignmentSessionLocator &inprogress=false eBook (Appendix 94) Bond Issue Price On January 1, Ruby Inc. issued 3,500 of $1,000 par value bonds with a stated rate of 6% and a 6-year maturity. Interest is payable semiannually on June 30 and December 31. Use Future Value of a Single Amount, Present Value of a Single Amount, Future Value of an Annuity and Present Value of an Annuity Required: What is the issue price of the bonds are sold to yield 4% Round factors to five decimal places and final answer to the nearest dollar.
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