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What is the market value (Cash Proceeds) of each of the following bond issues? (Round to the nearest Dollar a. 10% bonds of $1,000,000 sold
What is the market value (Cash Proceeds) of each of the following bond issues? (Round to the nearest Dollar
a. 10% bonds of $1,000,000 sold on bond issue date; 10-year life; interest payable semi annually; effective rate, 12%
b. 9% bonds of $200,000 sold on bond issue date; 5-year life; interest payable semi annually; effective rate, 8%
c. 8% bonds of $150,000 sold 30 months after bond issue date; 15-year life; interest payable semi annually; effective rate, 10%
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