Question

Thompson Corporation is planning to issue $ 100,000, five-year, 6 percent bonds. Interest is payable semi-annually each June 30 and December 31. All of the bonds will be sold on July 1, 2014; they mature on June 30, 2019.
Required:
Compute the issue (sale) price on July 1, 2014, if the yield is
(a) 6 percent
(b) 5 percent
(c) 7 percent.
Show computations.


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  • CreatedAugust 04, 2015
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