On July 1 2020 Clothes Horse Corp Chc Issued 500 000 8 Bonds Due In 10 Years With Interest Paid Semi Annually T 1 (29.15 KiB) Viewed 8 times
On July 1 2020 Clothes Horse Corp Chc Issued 500 000 8 Bonds Due In 10 Years With Interest Paid Semi Annually T 2 (17.22 KiB) Viewed 8 times
On July 1, 2020, Clothes Horse Corp. (CHC) issued $500,000, 8% bonds due in 10 years with interest paid semi-annually. The market rate of interest for similar issues was 10%. The bonds sold at an issue price of (rounded to the nearest whole dollar): PV of $1 10 periods 20 periods 4% 67556 45639 4% PV of Ordinary Annuity of $1 10 periods 8.11090 772173 20 periods 13.59033 12.46221 Multiple Choice $405,609 5% .61391 37689 $315.661 5% 8% 46319 21455 8% 6.71008 9.81815 10% 38554 14864 10% 6.14457 8.51356 < Prev 8 of 30 Next >
Multiple Choice O $405,609 $315,661 $500,000 $437,689
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