Use the information provided in the time value of money tables (Tables 9-1 through 9-4)in the text to answer the question that follows.
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Global Company issued $1,000,000,8%,seven-year bonds,interest payable semiannually.The market rate of interest was 6%.The issuance price of the bonds is
A)$1,111,560.
B)$1,000,000.
C)$1,151,480.
D)$1,112,840.

Question

Use the information provided in the time value of money tables (Tables 9-1 through 9-4)in the text to answer the question that follows.  
-
Global Company issued $1,000,000,8%,seven-year bonds,interest payable semiannually.The market rate of interest was 6%.The issuance price of the bonds is
A)$1,111,560.
B)$1,000,000.
C)$1,151,480.
D)$1,112,840.

Quizplus · Accepted Answer

The Answer of Use the information provided in the time value of money tables (Tables 9-1 through 9-4)in the text to answer the question that follows.  
-
Global Company issued $1,000,000,8%,seven-year bonds,interest payable semiannually.The market rate of interest was 6%.The issuance price of the bonds is
A)$1,111,560.
B)$1,000,000.
C)$1,151,480.
D)$1,112,840.

Use the Information Provided in the Time Value of Money