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Business, 22.04.2021 16:50 NONO3456

Astill Industries issued $1 million in 8%, 10-year bonds on Jan 1, 2019, when the market rate for similar bonds was 10%. The bonds pay interest semi-annually on July 1, and Dec 31. Directly following the payment made on 12/31/2021, Al considers whether to retire the bonds and reissue new 6% bonds at the current market rate of 6%. The early retirement of the bonds would result in a future economic impact. Stated in present value terms, this net future operating cash flow:.

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Astill Industries issued $1 million in 8%, 10-year bonds on Jan 1, 2019, when the market rate for si...
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