Question
The following information pertains to Wolf Corps issuance of bonds on January 1, 2018: Face amount $1,000,000; Terms 15 years; Stated interest rate 8%; Interest
The following information pertains to Wolf Corps issuance of bonds on January 1, 2018: Face amount $1,000,000; Terms 15 years; Stated interest rate 8%; Interest payment dates 6/30 and 12/31; Yield rate 9%. What should be the issue price for each $1,000 bond?
a.$908
b. $919
c. $1,000
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Financial Accounting A Practical Introduction
Authors: Ilias Basioudis
1st Edition
0273714295, 978-0273714293
