Mathematics, 22.02.2021 04:40 GreenHerbz206
On January 1, 2021, Frontier World issues $40.9 million of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbecue, all in one ride. If the market rate is 8%, calculate the issue price.
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On January 1, 2021, Frontier World issues $40.9 million of 8% bonds, due in 15 years, with interest...
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