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Business, 02.12.2021 22:00 katerrickt

Garcia Company issues 9.0%, 15-year bonds with a par value of $400,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 7.0%, which implies a selling price of 115 3/4.

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Garcia Company issues 9.0%, 15-year bonds with a par value of $400,000 and semiannual interest payme...
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