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on january 1 luring, incorporated, issues $2,000,000 of 10 percent, 5-year bonds that pay interest of $100,000 semiannually. the market rate is 12 percent at the time of issuance. the present value of
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on january 1 luring, incorporated, issues $2,000,000 of 10 percent, 5-year bonds that pay interest of $100,000 semiannually. the market rate is 12 percent at the time of issuance. the present value of 1 at 6% for 10 periods is 0.5584. the present value of an annuity at 6% for 10 periods is 7.3601. the issue price of the bonds is .

User Adam Bubela
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1 Answer

11 votes
11 votes

Answer:

see the answer

Step-by-step explanation:

It's 2000000-100000=3000000

then you now calculate the percentage

by adding and the decimal fraction and add it to the $

User Bob Desaunois
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