Waterway Corporation issues $410,000 of 9% bonds, maturing in 11 years, with interest payable semiannually. At the
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Question:
Calculate the issue price of the bonds. (Round the present value factor calculations to 5 decimal places, for example, 1.25124, and the final answer to 0 decimal places, for example, 58,971.)
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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