On October 1, 2017, Eastern Timber Inc. has available for issue $840,000 bonds due in four years.

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On October 1, 2017, Eastern Timber Inc. has available for issue $840,000 bonds due in four years. Interest at the rate of 4% is to be paid quarterly. Calculate the issue price if the market interest rate is:

a. 5%

b. 4%

c. 3%

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Fundamental Accounting Principles Volume 2

ISBN: 9781259087363

15th Canadian Edition

Authors: Kermit Larson, Heidi Dieckmann

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Question Posted: Jun 19, 2023 07:22 AM

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On October 1, 2017, Eastern Timber Inc. has available for issue $840,000 bonds due in four years.

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Fundamental Accounting Principles Volume 2

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