Business, 05.05.2020 08:13, joshuag5365

On 1/1/19, Lantana Loan Co., a calendar minus year company, accepts a 4%, $ 500 comma 000 three minus year loan that pays interest semiminusannually on 6/30 and 12/31 from Diamond Distributors, when the market rate of interest was 6%. In exchange for the note, Diamond agrees to make semiminusannual interest payments and repay the full $ 500 comma 000 at maturity. How much cash will Diamond receive in exchange for this note

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On 1/1/19, Lantana Loan Co., a calendar minus year company, accepts a 4%, $ 500 comma 000 three minu...