On January 1 2020, sheld co issued a 10 year bond with a $100000 maturity...
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On January 1 2020, sheld co issued a 10 year bond with a $100000 maturity value and an annual coupon rate of 6%. Interest is paid june 30 and december 31. The annual market rate is issuarance was 10%. Following are select discount factors from present value tables PV of single amount 0.386 for N=10 and R=10%, 0.377 for N20 and R=5% PV of ordinary annuity 6.145 for N10 and R10% 12.462 for N =20 and R=5% compute the issue price for the bond
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