Question: ( Appendix 9 A ) Bond Issue Price Amount, Future Value of an Annuity and Present Value of an Annuity. Required: What is the issue

(Appendix 9A) Bond Issue Price
Amount, Future Value of an Annuity and Present Value of an Annuity.
Required:
What is the issue price if the bonds are sold to yield 8%? Round factors to five decimal places and final answer to the nearest dollar.
$
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Bonds are priced at the present value of the two future cash flows, periodic interest payments, and repayment of the principal.
(Appendix 9A) Bond Issue Price Amount, Future Value of an Annuity

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