Business, 08.12.2020 17:10 gabbee

Wally, Inc. issues $100,000 of 5% bonds, due in 10 years, when the market rate of interest is 6%. Interest is paid semiannually on June 30 and December 31. The issue price of the bonds is: a. $88,530
b. $92,561
c. $92,640
d. $107,795

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Wally, Inc. issues $100,000 of 5% bonds, due in 10 years, when the market rate of interest is 6%. In...

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