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Business, 18.12.2019 01:31 oliup567

On january 2, 20x1, meister company issues $200,000 of 6% bonds. interest of $6,000 is payable semi-annually on june 30 and december 31. the bonds mature in 5 years. the market yield for bonds of similar risk and maturity is 7%. utilizing the time value of money tables in your book, calculate the issue price of the bonds (round the result to whole dollars).

a. $143,811
b. $200,000
c. $191,684
d. $167,199

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On january 2, 20x1, meister company issues $200,000 of 6% bonds. interest of $6,000 is payable semi-...

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