Question: Errol Enterprises Issues 10-year, 9% bonds with a face amount of $200,000. The market rate for bonds of similar risk and maturity is $6%. Interest

Errol Enterprises Issues 10-year, 9% bonds with a face amount of $200,000. The market rate for bonds of similar risk and maturity is $6%. Interest is paid semiannually. What is the issue price of the bonds? Bond issue Price

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