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Target company issues bonds with a par value of 900000 on

Question - Target Company issues bonds with a par value of $900,000 on their stated issue date. The bonds mature in 10 years and pay 10% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 12%. What is the selling price of the bond?

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Accounting Basics: Target company issues bonds with a par value of 900000 on

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