Bushman inc issues 400000 of 8 bonds that pay interest, Financial Accounting

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Bushman inc issues 400000 of 8 bonds that pay interest

Bushman, Inc., issues $400,000 of 8% bonds that pay interest semiannually and mature in 8 years. Compute the bond issue price assuming that the prevailing market rate of interest is 10% per year compounded semiannually. Select one: A. $400,000 B. $381,293 C. $436,172 D. $356,648

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Financial Accounting: Bushman inc issues 400000 of 8 bonds that pay interest

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