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REPOSTING--FIRST ANSWER WAS COMPLETELY WRONG AGAIN. Can Someone please help me Brief Exercise 6-15 Whispering Inc. issues $2,096,500 of 11% bonds due in 15 years
REPOSTING--FIRST ANSWER WAS COMPLETELY WRONG AGAIN. Can Someone please help me
Brief Exercise 6-15
Whispering Inc. issues $2,096,500 of 11% bonds due in 15 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. What amount will Whispering receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
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