Provide a market rate of return to the investor

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Reference no: EM131205980

On January 1, 2013, Learned, Inc., issued $4.1 million face amount of 4-year, 3% stated rate bonds when market interest rates were 2%. The bonds pay semiannual interest each June 30 and December 31. Calculate the proceeds (issue price) of Learned, Inc.’s, bonds on January 1, 2013, assuming that the bonds were sold to provide a market rate of return to the investor.

Reference no: EM131205980

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Provide a market rate of return to the investor : On January 1, 2013, Learned, Inc., issued $4.1 million face amount of 4-year, 3% stated rate bonds when market interest rates were 2%. The bonds pay semiannual interest each June 30 and December 31. Calculate the proceeds (issue price) of Learned, In..

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