Whispering Corporation issues $560,000 of 8% bonds, due in 10 years, with interest payable semiannually. At...
Whispering Corporation issues $560,000 of 8% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%.Compute the issue price of the bonds.
Homework Answers
Therefore Issue Price of Bond should be $490,211.68
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Issue price of the bonds
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