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Problem - Issue Price
The following terms relate to independent bond issues:
1. 500 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments
2. 500 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments
3. 800 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments
4. 2,000 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments
Required: Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. Refer to the tables above for present value factors. If required, round all calculations to the nearest dollar.
What are the inventoriable costs per unit associated with Product
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