Business, 08.07.2020 19:01 kyleejokow

Bond Issue On January 1, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when the effective rate is 12%. Interest is to be paid semiannually. Prepare calculations to prove that the selling price of the bonds is $138,959.90. Click here to access the tables to use with this exercise. Round your answers to two decimal places, if necessary. Present value of principal: $ Present value of interest: Selling price $

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Bond Issue On January 1, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when...

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