Business, 04.11.2019 22:31 Arinola

The following information pertains to camp corp.'s issuance of bonds on july 1, 20x5:
face amount $800,000
term 10 years
stated interest rate 6%
interest payment dates annually on july 1
yield 9%
at 6% at 9%
present value of 1 for 10 periods 0.558 0.422
future value of 1 for 10 periods 1.791 2.367
present value of ordinary annuity of 1 for 10 periods 7.360 6.418
what should be the issue price for each $1,000 bond?

a. $1,000
b. $864
c. $807
d. $700

Answers: 3

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The following information pertains to camp corp.'s issuance of bonds on july 1, 20x5:
face am...