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use Financial calculator to show the work please ? On October 1, 2020, Eastern Timber Inc. has available for issue $870,000 bonds due in four
use Financial calculator to show the work please ?
On October 1, 2020, Eastern Timber Inc. has available for issue $870,000 bonds due in four years. Interest at the rate of 7.00% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Issue Price a. 8% b. 7% c. 6% Step by Step Solution
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