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(Appendix 94) Bond Issue Price On January 1, Ruby Inc. issued 1,500 of $1,000 par value bonds with a stated rate of 4% a
Posted: Fri Jul 01, 2022 8:45 am
by answerhappygod
- Appendix 94 Bond Issue Price On January 1 Ruby Inc Issued 1 500 Of 1 000 Par Value Bonds With A Stated Rate Of 4 A 1 (13.42 KiB) Viewed 54 times
(Appendix 94) Bond Issue Price On January 1, Ruby Inc. issued 1,500 of $1,000 par value bonds with a stated rate of 4% and a 10-year maturity. Interest is payable semiannually on June 30 and December 31. Use Future Value of a Single Amount, Present Value of a Single Amount, Future Value of an Annuity and Present Value of an Annuity. Required: What is the issue price if the bonds are sold to yield 647 Round factors to five decimal places and final answer to the nearest dollar.