Question
Question 16 0.5 pts On January 1, Dallas Corp. issued $776,708, 12% APR, 5-year bonds with interest payable on July 1 and January 1.
Question 16 0.5 pts On January 1, Dallas Corp. issued $776,708, 12% APR, 5-year bonds with interest payable on July 1 and January 1. The market rate of interest was 10% APR. Determine the selling price of the bonds. Note: PV$1(5%, 10n) = 0.6139 PV$1(6%, 10n) = 0.5584 PVOA(5%, 10n) = 7.7217 PVOA(6%, 10n) = 7.3601 ***round your final answer to the nearest $1
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Thermodynamics for Engineers
Authors: Kenneth A. Kroos, Merle C. Potter
1st edition
1133112862, 978-113311286
