Ironman, Inc., issues $400,000 of 12% bonds that pay interest semiannually and mature in 12...

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Accounting

Ironman, Inc., issues $400,000 of 12% bonds that pay interest semiannually and mature in 12 years. Compute the bond issue price assuming that the prevailing market rate of interest is 12% per year compounded semiannually.
Ironman, Inc., issues $400,000 of 12% bonds that pay interest semiannually and mature in 12 years. Compute the bond issue price assuming that the prevailing market rate of interest is 12% per year compounded semiannually.
$536,172
$400,000
$456,648
$481,293

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