Essay
Compute the amount of cash a company will receive from the following bond issues.
a)_______________ Issued $200,000 of 5-yr,8% bonds at 98.
b)_______________ Issued $800,000 of 4-yr,9% bonds at 95.
c)_______________ Issued $400,000 of 10-yr,8% bonds at 102 ½.
d)_______________ Issued $100,000 of 5-yr,12% bonds at 103.
Correct Answer:

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a)$196,000...View Answer
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