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April 20, 2014

Homework Help: Accounting

Posted by Jessica on Wednesday, May 1, 2013 at 1:17pm.

Alliant Corporation sold $100,000,000 face value 8% bonds. The bonds mature in 20 years and pay interest semiannually. The going market rate of interest on bonds of similar risk is 6%. How much will Aliant receive upon the sale of the bonds

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