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Home > Education > Homework Help > Finance & Accounting   »   issuance price of bonds

 
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Old May 13, 2008, 12:20 PM
woti
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issuance price of bonds

a company issued $200,000,- of 10 year bonds on january 1st.
the bonds pay interest on january 1 and july 1 and have a stated rate of 10%
if the market rate of interest at the time bonds are sold is 8%,
what will be the issuance price of the bonds???

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