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Business, 18.11.2020 06:00 pennygillbert

Marwick Corporation issues 12%, 5 year bonds with a par value of $1,250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%. What is the bond's issue (selling) price, assuming the following Present Value factors:

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Marwick Corporation issues 12%, 5 year bonds with a par value of $1,250,000 and semiannual interest...
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