Business, 26.10.2021 21:10 sCoTtYbOy5329
On January 1, 2016 Kiner Co. issued five-year bonds with a face value of $500,000 and a stated interest rate of 6% payable semiannually on July 1 and January 1. The bonds were sold to yield 8%. Calculate the issue price of the Kiner Co. bonds.
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On January 1, 2016 Kiner Co. issued five-year bonds with a face value of $500,000 and a stated inter...
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