Business, 09.07.2021 01:00 lizbeth3169

On January 1, 2013, Jason Company issued $5 million of 10-year bonds at a 10% stated interest rate to be paid annually. Time Period Interest PV of $1 PV of a $1 Annuity
11 11% 0.317 6.207
11 9% 0.338 6.805
11 13% 0.261 5.687
If the market rate of interest was 8%, the issue price of the bonds is closest to which of the following?
a) $4,957,292.
b) $5,600,000.
c) $4,964,792.
d) $5,007,292.

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On January 1, 2013, Jason Company issued $5 million of 10-year bonds at a 10% stated interest rate t...

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