Question: Help Save & EX TB MC Qu. 10-67 (Static) On January 1, 2019, Jason Company... On January 1 2019, Jason Company issued $5 million of

Help Save & EX TB MC Qu. 10-67 (Static) On January 1, 2019, Jason Company... On January 1 2019, Jason Company issued $5 million of 10 year bonds at a 10% coupon interest rate to be paid annually. The following present value factors have been provided: Time Period 10 1e 10 Interest 10% 8% 12% PV of $1 0.386 0.463 0.322 PV of a $1 Annuity 6.140 6.710 5.650 Calculate the issuance price if the market rate of interest was 10% Calculate the issuance price if the market rate of interest was 10% Multiple Choice 55,427,000 $4,477,000 $4,435,000 $5,000,000
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