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Turkey Corp. issues $300,000 of 5% bonds due in 10 years with interest payable on June 30 and December 31. The current market rate for
| Turkey Corp. issues $300,000 of 5% bonds due in 10 years with interest payable |
| on June 30 and December 31. The current market rate for bonds of similar risk is 4%. |
| How much will Turkey Corp. receive when it issues these bonds? |
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Forensic Accounting And Fraud Examination
Authors: Mary Jo Kranacher, Richard Riley
2nd Edition
1119494338, 9781119494331
