The market yield for bonds of similar risk and maturity is


Question - A company issued 7%, 20-year bonds with a face amount of $60 million. The market yield for bonds of similar risk and maturity is 7%. Interest is paid semiannually. At what price did the bonds sell?

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Accounting Basics: The market yield for bonds of similar risk and maturity is
Reference No:- TGS02842253

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