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    heyabel's Avatar
    heyabel Posts: 2, Reputation: 1
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    May 9, 2011, 04:03 PM
    On January 1, 2011,zee Co issued ten-year bonds with a face value of $1,000,000 an
    On January 1, 2011, Zee Co issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%.
    How much is the issue price of the bond?
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    RickJ Posts: 7,762, Reputation: 864
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    May 10, 2011, 08:57 AM

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    heyabel's Avatar
    heyabel Posts: 2, Reputation: 1
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    #3

    May 10, 2011, 06:15 PM
    On January 1, 2011, Zee Co issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%.
    How much is the issue price of the bond
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