Question: BONDS Jackson issued $ 2 m , 1 0 year, 1 2 % rate, with annual interest.. The effective rate is 1 1 % Calculate

BONDS
Jackson issued $2m,10 year, 12% rate, with annual interest.. The effective rate is 11% Calculate the issue price of this bond.
PV 12%.3220
PVA 12%5.6502
"PV 11%.3522
PVA 11%5.8892
a.240,000
b.644,000
c.2,117,808
d.1,420,448
BONDS Jackson issued $ 2 m , 1 0 year, 1 2 %

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