February 26, 2017

Homework Help: accounting

Posted by Jamie on Thursday, July 8, 2010 at 3:05pm.

On January 2, 2010, Wine Corporation wishes to issue $2,000,000 (par value) of its 8%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 10%. Using the interest factors below, compute the amount that Wine will realize from the sale (issuance) of the bonds.

a $2,000,012

b $1,754,136

c $2,212,052

d $2,000,000

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