X Corporation on January 1, 2020, issues $100,000 (100 bond @ $1000 face value) of 12% bonds

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X Corporation on January 1, 2020, issues $100,000 (100 bond @ $1000 face value) of 12% bonds due in 5 years with interest payable quarterly at year-end. The current market rate of interest for bonds of similar risk is 8%.

What will the buyers pay for this bond issue?

Posted Date: May 30, 2024 08:17 PM

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X Corporation on January 1, 2020, issues $100,000 (100 bond @ $1000 face value) of 12% bonds

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