Issuance price of bonds, LaFluer Corporation issued $400,000 of 15-year bonds on January, Finance Basics

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Issuance price of bonds

LaFluer Corporation issued $400,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated rate of 8 percent. If the market rate of interest at the time the bonds are sold is 10 percent, what will be the issuance price (approximate) of the bonds?

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Finance Basics: Issuance price of bonds

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Finance Basics: Issuance price of bonds

Reference No:- TGS046979

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What is always there wireless-s producer surplus from sales

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Q : What is the tax effect and basis for the new stock

Q : What was the amount of merchandise purchases for the year

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Ask an Expert for Answer!!

Finance Basics: Issuance price of bonds

Reference No:- TGS046979

Recent Questions Asked Finance Basics

Q : What is always there wireless-s producer surplus from sales

Q : Difference valuations for stock

Q : What is the tax effect and basis for the new stock

Q : What was the amount of merchandise purchases for the year

Q : Issuance price of bonds

Q : Explain impact of tax cut in economy operating

Q : New-project analysis

Q : How immigration between two countries can equalizer of wages

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