National Motors Corporation is planning to issue bonds with a face value of $252,000 and a coupon

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National Motors Corporation is planning to issue bonds with a face value of $252,000 and a coupon rate of 5 percent. The bonds mature in 7 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1)

Note: Use appropriate factor(s) from the tables provided. Round your final answer to whole dollars.

Determine the issuance price of the bonds assuming an annual market rate of interest of 7.5 percent.

Posted Date: May 18, 2024 11:08 AM

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National Motors Corporation is planning to issue bonds with a face value of $252,000 and a coupon

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