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Sed Help Save On January 1, 2019, Jason Company issued $5 million of 10 year bonds at a 10% coupon interest rate to be paid
Sed Help Save On January 1, 2019, Jason Company issued $5 million of 10 year bonds at a 10% coupon interest rate to be paid annually. The following present value factors have been provided Time Period 10 10 Interest 10% 8% PV of $1 0.386 0.463 0.322 PV of a $1 Annuity 6.140 6.710 5.650 10 12% Calculate the issuance price if the market rate of interest was 10% 4 Multiple Choice $5,427,000
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