Oleary corporation is issuing 600000 of 8 5-year bonds when, Ask an Expert

Accounting

Oleary Corporation is issuing $600,000 of 8%, 5-year bonds when potential bond investors want a return of 10%. Interest is payable semiannually.The present value of 1 factors are 4%, .67556 and 5%, .61391. The present value of an annuity factors are 4%, 8.1109 and 5%, 7.72173.

Instructions Compute the market price (present value) of the bonds.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970531

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