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Thompson Corporation is planning to issue $190,000, five year, 5 percent bonds. Interest is payable semi-annually each June 30 and December 31. All of the
Thompson Corporation is planning to issue $190,000, five year, 5 percent bonds. Interest is payable semi-annually each June 30 and December 31. All of the bonds will be sold on July 1, year 1, they mature on June 30, year 6. Use Table 9C1, Table 9C.2. Required: Compute the issue (sale) price on July 1, year 1, if the yield is (Round time value factor to 4 decimal places. Round the final answers to the nearest dollar amount.) Issue price $ 190,000 (a) 5 percent (b) 2 percent (c) 6 percent
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