[Solved] SarasotaCorporation issues $530,000of14%

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SarasotaCorporation issues $530,000of14% bonds that are due in8years and pay interest semi-annually. At the time of issue, the market rate for such bonds is12%. Calculate

SarasotaCorporation issues $530,000of14% bonds that are due in8years and pay interest semi-annually. At the time of issue, the market rate for such bonds is12%.

Calculate the bonds' issue price by using (1) factor Tables A.2 and A.4, (2) a financial calculator, or (3) Excel function PV

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