Metlock corporation issues 520000 of 9 bonds due in 10, Ask an Expert

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Metlock Corporation issues $520,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%.

Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.)

Issue price of the bonds $___________________

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92820843

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