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Please help me solve the below question, and show work so i can follow along and learn. thank you!! Bonita Industries issued $100000 of ten-year,
Please help me solve the below question, and show work so i can follow along and learn. thank you!!
Bonita Industries issued $100000 of ten-year, 12 % bonds that pay interest semiannually. The bonds are sold to yield 10%. Another step in calculating the issue price of the bonds is to Omultiply $12000 by the table value for 10 periods and 12% from the present value of an annuity table. multiply $12000 by the table value for 20 periods and 6% from the present value of an annuity table multiply $12000 by the table value for 20 periods and 5% from the present value of an annuity table. none of these answers is correctStep by Step Solution
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