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please help solve part C. thanks orporation is planning to issue $500,000 worth of 6 percent bonds that mature in 10 years Interest payments are
please help solve part C. thanks
orporation is planning to issue $500,000 worth of 6 percent bonds that mature in 10 years Interest payments are made each June 30 and December 31. All of the bonds will be sold on January 1, 2014. (FV of S1. PV of S1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required: Compute the issue (sale) price on January 1, 2014 for each of he flowng indedent cases a. Case A: Market (yield) rate, 4 percent. b. Case B: Market (yield) rate, 6 percent. Issue price c. Case C: Market (yield) rate, 8.5 percent. sue price ?? Persaud-Hansmatti jpg ^
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