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Business, 04.12.2019 03:31 katemsoo

Scottie adams bird supplies issued 10% bonds, dated january 1, with a face amount of $240,000 on january 1, 2018. the bonds mature in 2028 (10 years). for bonds of similar risk and maturity the market yield is 12%. interest is paid semiannually on june 30 and december 31. what is the price of the bonds at january 1, 2018? some relevant and irrelevant present value factors: * pv of annuity due of $1: n = 20; i = 6% is 12.15812 * pv of ordinary annuity of $1: n = 20; i = 6% is 11.46992 **pv of $1: n = 20; i = 6% is 0.31180

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Scottie adams bird supplies issued 10% bonds, dated january 1, with a face amount of $240,000 on jan...
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