Chinook Inc. has available for issue a $3,200,000 bond due in eight years. Interest at...
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Accounting
Chinook Inc. has available for issue a $3,200,000 bond due in eight years. Interest at the rate of 6% is to be paid semi-annually. Calculate the issue price if the market interest rate is:
a. 5.5%
b. 6%
c. 6.75%
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