Question: Marwick Corporation Issues 8 % , 5-year bonds with a par value of $1000.000 and semlannual Interest payments. On the Issue date, the annual market

Marwick Corporation Issues 8 % , 5-year bonds with a par value of $1000.000 and semlannual Interest payments. On the Issue date, the annual market rate for these bonds Is 6 % What Is the bond's issue (selling) price, assuming the following Present Value factors Present Value of Present i- an Annuity value of $1 n- 8% 3.9927 8.1109 0.6806 4 % 10 0.6756 6% 4.2124 e.7473 10 3% 8.5302 0.7441

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