Business, 30.11.2019 02:31 sloansters9315

Marwick corporation issues 8%, 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 present value factors: n= i= present value of an annuity present value of $1 5 8 % 3.9927 0.6806 10 4 % 8.1109 0.6756 5 6 % 4.2124 0.7473 10 3 % 8.5302 0.7441

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Marwick corporation issues 8%, 5-year bonds with a par value of $1,000,000 and semiannual interest p...

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