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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
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: (De not round intermediate calculations. Round the final answers to 2 decimal places.) Market Interest Issue Price of the Rate 3% Bonds a b. 4% c. 4.75%
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Managerial Accounting Strayer University
Authors: Strayer University
3rd Custom Edition
0077234804, 978-0077234805
