Business, 12.03.2020 22:02, Reddolls

Lunar, Inc., plans to issue $900,000 of 10% bonds that will pay interest semiannually and mature

in 5 years. Assume that the effective interest rate is 12% per year compounded semiannually.

Compute the selling price of the bonds. Use Tables 2 and 3 in Appendix A near the end of the book.

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Lunar, Inc., plans to issue $900,000 of 10% bonds that will pay interest semiannually and mature