Business, 23.08.2020 01:01 jstamey757

Courier Logistics Corp. will issue $2,400,000 in 8-year bonds that pay 5% annually. The market rate for bonds of similar riskiness and maturity is 4%. How much cash will Courier Logistics Corp. receive from this bond issuance? a. $2,529,241.
b. $2,374,124.
c. $2,561,585.
d. $2,400,000.

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Courier Logistics Corp. will issue $2,400,000 in 8-year bonds that pay 5% annually. The market rate...

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