Question: Complete M7-19 M7-19. Computing Bond Issue Price Abbington Inc. issues $700,000 of 9% bonds that pay interest semiannually and mature in 10 years. Com pute

Complete M7-19 Complete M7-19 M7-19. Computing Bond Issue Price Abbington Inc. issues $700,000

M7-19. Computing Bond Issue Price Abbington Inc. issues $700,000 of 9% bonds that pay interest semiannually and mature in 10 years. Com pute the bond issue price assuming that the prevailing market rate of interest is: a. 8% per year compounded semiannually. b, 10% per year compounded semiannually

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