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Windsor Corporation issues $590,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the marke rate for
Windsor Corporation issues $590,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the marke rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places eg. 58,971.) Issue price of the bonds $
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
