few Policies urrent Attempt in Progress On January 1, 2020, Sheffield Corp. issued ten-year bonds...
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few Policies urrent Attempt in Progress On January 1, 2020, Sheffield Corp. issued ten-year bonds with a face amount of $4500000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 11%. Present value factors are as follows: At 8% At 11% Present value of 1 for 10 periods Present value of an ordinary annuity of 1 for 10 periods 0.463 6.710 0.352 5.889 The total issue price of the bonds was $4500000 $4365000 $3704040 $4140000
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