The issue price of the bonds is
A) $ 559,002.
B) $ 599,760.
C) $ 570,450.
D) $ 599,979.

Name: The issue price of the bonds is A) $ 559,002. B) $ 599,760. C) $ 570,450. D) $ 599,979.
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Question

Quizplus · Accepted Answer

The issue price of the bonds is $559,002. This is because the bonds have a face value of $1,000,000, a coupon rate of 6%, and a maturity date of 10 years. The issue price is calculated as the present value of the future cash flows from the bonds, which is $559,002.

The Issue Price of the Bonds Is