Business, 24.10.2021 01:00, sabrinarea041904
On January 1, Arnold Corp issues $100,000 of 7% bonds. Interest of $3,500 is payable semi-annually on June 30 and December 31. The bonds mature in 10 years. The market yield for bonds of similar risk and maturity is 5%. Calculate the issue price of the bonds (round the result to whole dollars). Multiple choice question. $81,307
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On January 1, Arnold Corp issues $100,000 of 7% bonds. Interest of $3,500 is payable semi-annually o...
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