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UP Tourism Inc. issues bonds due in 12 years with a stated interest rate of 17% and a face valoe of $100,000. Interest payments
UP Tourism Inc. issues bonds due in 12 years with a stated interest rate of 17% and a face valoe of $100,000. Interest payments are made semi-annually The market rate for this type of bond is 8% Calculate the issue price of the bonds (Using a financial calculator or Excel or present value tables provided in the textbook) Mutiple Choice 503.320 $122.870 $100,000 $106,592
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
