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Home Q & A Board Other Fields Homework Help Business Accounting
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KarenSmith KarenSmith
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7 years ago
If Neptune Corporation wanted to sell $100,000 of 10-year bonds with a nominal rate of 9% when the market expects to receive 8.5%, what would the bonds selling price be if interest is paid semi-annually?
A) $108,500.00
B) $100,000.00
C) $103,323.59
D) $103,280.67
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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KarenSmith Author
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#2
7 years ago
Many thanks
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