Solution-Calculate the issue price

Calculate the issue price

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Question - On January 1, 2021, Frontier World issues $41 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride.

If the market rate is 10%, calculate the issue price.

Reference no: EM132539844

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Calculate the issue price : On January 1, 2021, Frontier World issues $41 million of 9% bonds, due in 20 years, If the market rate is 10%, calculate the issue price

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Calculate the issue price

Reference no: EM132539844

Reference no: EM132539844

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