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Issue Price of a Bond?
[ 1 Answers ]
Donaldson Company issued $5,000 of 10-year bonds paying 10% annual interest. The current market rate of interest on comparable issues is 12%. What is the issue price of the bonds? I think it is $5000, but I'm unsure. Can someone please help?
Issue Price of a Bond
[ 1 Answers ]
The issue price of bonds is equal to a. the present value of the principal b. the present value of the interest c. the present value of the principal minus the present value of the interest d. the present value of the principal plus the present value of the interest I think the answer is... View more questions Search
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