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Bond issuance price

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Have a bond problem question: On January 1, 20D a well known Company issued $5million of 10-year bonds at a 10% stated interest rate to be paid semiannually. The task is to calculate the issuance price if the market rate of interest is 12%.

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The expert examines bond issuance prices on semiannually interest rates.

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BOND ISSUANCE PRICE

Have a bond problem question: On January 1, 20D a well known Company issued $5million of 10-year bonds at a 10% stated interest rate ...

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  • M. Sc., London South Bank University
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