Determine present value of a bond


Question: On January 1, 2008, the Junco Company issued dollar 500,000 face amount ten (10) year, 10 percent stated rate bond when the market interest rates were 11 percent. The bonds pay interest semiannually each June 30th and December 31st & mature on December 31, 2018.

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Finance Basics: Determine present value of a bond
Reference No:- TGS019684

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