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Required information [The following information applies to the questions displayed below.) Enviro Company issues 8%,...

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Required information [The following information applies to the questions displayed below.) Enviro Company issues 8%, 10-year bonds with a par value of $320,000 and semiannual Interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 1/2. Confirm that the bonds' selling price is approximately correct. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations.) = Selling Price Present Value Par Value x Price 87 1/2 Cash Flow Table Value $320,000 par (maturity) value $12,800 interest payment Price of Bond Difference due to rounding of table values

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