Business, 15.07.2021 20:00 yesseniaroman21

On January 1, 2021, Anne Teak Furniture issued $100,000 of 10% bonds, dated January 1. Interest is payable semiannually on June 30 and December 31. The bonds mature in 15 years. The annual market rate for bonds of similar risk and maturity is 12%. What was the issue price of the bonds

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On January 1, 2021, Anne Teak Furniture issued $100,000 of 10% bonds, dated January 1. Interest is p...