On February 1, 2014, Seemac Corp. issued $750,000 of 11%, eight-year bonds. Interest is to be paid

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On February 1, 2014, Seemac Corp. issued $750,000 of 11%, eight-year bonds. Interest is to be paid quarterly. Calculate the issue price of the bonds if the market interest rate was:
a.6%
b.11%
c.13%

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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 February 1, 2014, Seemac Corp. issued $750,000 of 11%, eight-year bonds. Interest is to be paid

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a b c PV of face amount of 750000 465745 314806 269513 PV of interest annuity of 20625 750000 ...View the full answer

Fundamental Accounting Principles Volume II

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