On january 1 2009 the clark corporation issued 800000 of

Reference no: EM13598208

1. On January 1, 2009, The Clark Corporation issued $800,000 of 12-year bonds with a face rate of 10%. Interest is paid SEMIANNUALLY. The market rate of interest on January 1, 2009 was 8%. What was the PROCEEDS from the bond issue?

a. How would your answer change if the market rate on the issue date of the above bond had been 11% instead of 8%?

Reference no: EM13598208

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On january 1 2009 the clark corporation issued 800000 of

Reference no: EM13598208

Reference no: EM13598208

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