Question: On April 1 , 2 0 2 3 , ET Inc. has available for issue $ 3 5 5 , 0 0 0 bonds due

On April 1,2023, ET Inc. has available for issue $355,000 bonds due in four years. Interest at the rate of 5.0% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

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To calculate the issue price of the bonds we need to use the present value of an annuity formula The ... View full answer

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