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Appendix-Calculate Issuance Price
Suppose that a company issues the following bonds at different times. Interest on the bonds is paid annually.
$80,000 of 6%, 10-year bonds when themarket rate of interestis 7%$60,000 of 8%, 6-year bonds when the market rate of interest is 6%$120,000 of 10%, 5-year bonds when the market rate of interest is 8%
Required:
Calculate the issuance price for each bond.
The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. How many units would the company have to sell to attain the target profit of $150,000?
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having issues with this question. if someone could show the working out so i coul dbetter understand it would be
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9preferred dividends martinez companys ledger shows the following balances on december 31 2012.5 preferred stock-10 par
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