Business, 30.11.2019 06:31 myahprovenzano

Primo, inc. issued $50,000, 5-year, 7% bonds that pay interest annually on january 1 when the going market interest rate was 6%. the issue (sale) price of the bonds equals the present value of and 5 periods. a) $50,000 plus the present value of an annuity of $3,500, both discounted at 7% b) $50,000 plus the present value of an annuity of $3,000, both discounted at 7% c) $50,000 plus the present value of an annuity of $3,500, both discounted at 6% d) $53,500 discounted at 7%.

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Primo, inc. issued $50,000, 5-year, 7% bonds that pay interest annually on january 1 when the going...

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