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Business, 03.04.2020 00:30 edgardo34

Marwick Corporation issues 8%, 5 year bonds with a par value of $1,040,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%. What is the bond's issue (selling) price, assuming the following Present Value factors of $1 factor for 3% and 10 semi-annual periods is .7441 and the Present Value of an Annuity factor for the same rate and period is 8.5302?

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Marwick Corporation issues 8%, 5 year bonds with a par value of $1,040,000 and semiannual interest p...
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