Mayberry gas corp. sells 200000 of bonds to private, Ask an Expert

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Mayberry Gas Corp. sells $200,000 of bonds to private investors. The bonds are due in five years, have an 8% coupon rate, and interest is paid semi-annually. The bonds were sold to yield 6%. What proceeds does Mayberry receive from the investors?

a. $200,000
b. $217,060
c. $206,000
d. $183,777
e. None of the above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411730

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