Marwick Corporation issues 8%, 5-year bonds with a par value…

Questions

Mаrwick Cоrpоrаtiоn issues 8%, 5-yeаr bonds with a par value of $1,000,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%. What is the bond's issue (selling) price, assuming the following Present Value factors:   n=   i=   Present Value of an Annuity   Present value of $1 5   8 %     3.9927   0.6806 10   4 %     8.1109   0.6756 5   6 %     4.2124   0.7473 10   3 %     8.5302   0.7441

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