Shamrock Corporation issues $460,000 of 9% bonds, due in 9 years, with interest payable semiannually. At...

 

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Shamrock Corporation issues $460,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places e.g. 58,971.) Issue price of the bonds $ Shamrock Corporation issues $460,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places e.g. 58,971.) Issue price of the bonds $

Answer rating: 100% (QA)

Answer Step 2 b Calculating discounting factor per Semiannual period ... View the full answer