On August 1, 2014, Blancard Inc. issued $520,000 of 10%, seven-year bonds. Interest is to be paid

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On August 1, 2014, Blancard Inc. issued $520,000 of 10%, seven-year bonds. Interest is to be paid semi-annually. Calculate the issue price of the bonds if the market interest rate was:
a.12%
b.10%
c.14%

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Question Posted: Jan 08, 2015 08:37 AM

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On August 1, 2014, Blancard Inc. issued $520,000 of 10%, seven-year bonds. Interest is to be paid

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Calculations Using PV Tables a b c n 14 i 12 612 n ...View the full answer

Fundamental Accounting Principles Volume II

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