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Williams Company plans to issue bonds with a face value of $605,500 and a coupon rate of 4 percent. The bonds will mature in 10

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Williams Company plans to issue bonds with a face value of $605,500 and a coupon rate of 4 percent. The bonds will mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds are sold on January 1 of this year. (FV of $1 PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Determine the issuance price of the bonds assuming an annual market rate of interest of 4 percent. ssuance price References eBook & Resources Worksheet Difficulty: 1 Easy Learning Objective: 10-02 Report bonds payable and interest expense for bond securities issued at par

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