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X Do Homework - Felicia Chesnut - Google Chrome mathxl.com/Student/PlayerHomework.aspx?homeworkld=574346761&questionld=7&flushed=true&cld=61644548.centerwin=yes ACC 302 CRN 10050 Fall 2020 Felicia Chesnut : 09/19/20 1:27 PM Homework: Chapter 14,

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X Do Homework - Felicia Chesnut - Google Chrome mathxl.com/Student/PlayerHomework.aspx?homeworkld=574346761&questionld=7&flushed=true&cld=61644548.centerwin=yes ACC 302 CRN 10050 Fall 2020 Felicia Chesnut : 09/19/20 1:27 PM Homework: Chapter 14, part 1 Save Score: 0 of 2 pts 7 of 8 (8 complete) HW Score: 60.91%, 12.18 of 20 pts BE14-10 (similar to) Question Help o Royal Corporation issued $190,000 par value, 10%, 4e-year bonds (i.e., there were 190 of $1,000 par value bonds in the issue). Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1. Determine the issue price of the bonds if the market rate of interest is 6%. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) Determine the issue price of the bonds. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, XXXXXX. Round your final answers to the nearest whole dollar.) The issue price of the bonds is $ Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Check Answer Type here to search E 1:27 PM 9/19/2020

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