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Palatine Corporation issues $850,000 of 5% bonds that pay interest semiannually and mature in 10 years. Compute the bond price assuming a market rate of
Palatine Corporation issues $850,000 of 5% bonds that pay interest semiannually and mature in 10 years.
Compute the bond price assuming a market rate of 4%. Round to the nearest whole dollar.
| Present value of principal repayment | Answer | |
| Present value of interest payments | Answer | |
| Selling price of bonds | Answer |
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The Whole School Audit Development Planning For Primary And Special Schools
Authors: Brian Drakeford
1st Edition
1853465011, 978-1853465017
