Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Blue Corporation issues $410,000 of 9% bonds, due in 11 years, with interest payable semiannually. At the time of issue, the market
rate for such bonds is 10%.
Click here to view factor tables.
Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to 0
decimal places, eg. 58,971.)
Issue price of the bonds
$
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Transcribed Image Text:Blue Corporation issues $410,000 of 9% bonds, due in 11 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to 0 decimal places, eg. 58,971.) Issue price of the bonds $
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