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A Company Issues 6%,5 Year Bonds with a Par Value

Question 97

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A company issues 6%,5 year bonds with a par value of $800,000 and semiannual interest payments.On the issue date,the annual market rate of interest is 8%.Compute the issue (selling)price of the bonds..The following information is taken from present value tables: A company issues 6%,5 year bonds with a par value of $800,000 and semiannual interest payments.On the issue date,the annual market rate of interest is 8%.Compute the issue (selling)price of the bonds..The following information is taken from present value tables:

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