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Business, 27.09.2019 02:10 SKYBLUE1015

Sharmer company issues 5%, 5-year bonds with a par value of $1,000,000 and semiannual interest payments. on the issue date, the annual market rate for these bonds is 6%. what is the bond's issue (selling) price, assuming the following factors: n= i= present value of an annuity present value of $1 5 5 % 4.3295 0.7835 10 3 % 8.7521 0.7812 5 6 % 4.2124 0.7473 10 3 % 8.5302 0.7441 multiple choice $957,355 $1,000,000 $1,250,000 $786,745 $1,213,255

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