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Business, 17.12.2019 21:31 jeifetz1023
On january 2, 20x1, schneider company issues $100,000 of 7% bonds. interest of $3,500 is payable semi-annually on june 30 and december 31. the bonds mature in 5 years. the market yield for bonds of similar risk and maturity is 8%. utilizing the time value of money tables in your book, calculate the issue price of the bonds (round the result to whole dollars).
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On january 2, 20x1, schneider company issues $100,000 of 7% bonds. interest of $3,500 is payable sem...
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