Business, 16.02.2021 04:20 alfonso2382

Buffalo Corporation issues $630,000 of 9% bonds, due in 11 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e. g. 1.25124 and the final answer to 0 decimal places e. g. 58,971.) Issue price of the bonds

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Buffalo Corporation issues $630,000 of 9% bonds, due in 11 years, with interest payable semiannually...

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