Business, 31.10.2019 06:31, cheyennecarrillo14

Concord inc. manufactures cycling equipment. recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company’s bikes. after a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,294,900 of 12% term corporate bonds on march 1, 2020, due on march 1, 2035, with interest payable each march 1 and september 1, with the first interest payment on september 1st, 2020. at the time of issuance, the market interest rate for similar financial instruments is 10%.

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Concord inc. manufactures cycling equipment. recently, the vice president of operations of the compa...