What is the bond’s issue (selling) price? Mathematics Assignment Help. What is the bond’s issue (selling) price? Mathematics Assignment Help.
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Marwick Corporation issues 29%, 5 year bonds with a par value of $1,210,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 27%. What is the bond’s issue (selling) price, assuming the Present Value of $1 factor for 13.5% and 10 semi-annual periods is 0.2819 and the Present Value of an Annuity factor for the same rate and period is 5.3195? |
A.) $999,244
B.) $1,274,405
C.) $2,143,306
D.) $276,694
E.) $1,210,000
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What is the bond’s issue (selling) price? Mathematics Assignment Help
What is the bond’s issue (selling) price? Mathematics Assignment Help