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Part 1 On April 1 , 2 0 2 3 , ET Inc. has available for issue $ 2 4 8 , 0 0 0

Part 1
On April 1,2023, ET Inc. has available for issue $248,000 bonds due in four years. Interest at the rate of 6.0% 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.)
Part 2
On October 1, ET Inc. has available for issue a $298,000 bond due in eight years. Interest at the rate of 4.0% is to be paid
semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final
answers to 2 decimal places.)
2. How will the conversion of bonds into common shares affect the elements of the balance sheet (assets, liabilities, equity)?
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