Question: (Appendix 9A) Bond Issue Price On January 2, Ruby Inc, issued 4,500 of $1,000 par value bonds with a stated rate of 10% and a

(Appendix 9A) Bond Issue Price On January 2, Ruby Inc, issued 4,500 of $1,000 par value bonds with a stated rate of 10% and a 8-year maturity. Interest is payable semiannually on June 30 and December 31. Use Future Value of a Single Amount, Present value of a Single Amount, Future value of an Annuity and Present Value of an Annuity Required: What is the issue price if the bonds are sold to yleld 8% ? Round factors to five decimal places and final answer to the nearest dolla

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