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Business, 05.05.2020 18:46 JxySwa3

Allure Company planned to raise $100,000 by issuing bonds. The bond certificates were printed bearing an interest rate of 8%, which was equal to the market rate of interest. However, before the bonds could be issued, economic conditions forced the market rate up to 9%. If the life of the bonds is 6 years and interest is paid annually on December 31, how much will Allure receive from the sale of the bonds

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Allure Company planned to raise $100,000 by issuing bonds. The bond certificates were printed bearin...
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