A company issues a 5-year 4 coupon bond with a face value


A company issues a 5-year, 4% coupon bond with a face value of $100,000. The effective market interest rate at the time of issuance is 2%. What are the proceeds from issuing the bond?

$128,414

$100,000

$109,471

$109,427

$83,778

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Financial Accounting: A company issues a 5-year 4 coupon bond with a face value
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