Garcia company issues 10 15-year bonds with a par value of
Garcia Company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 117 ¼.
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garcia company issues 10 15-year bonds with a par value of 240000 and semiannual interest payments on the issue date
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