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How much did the bonds sell for under each of the following situations

Landel Corporation issued $1,000,000 of 10-year, 9% bonds onJanuary 1, 2009. The bonds pay interest semi annually. How much did the bonds sell for under each of the following situations?

a.

The bonds sold to yield 8%, (i.e., the current market interestrate is 8%)

b.

The bonds sold to yield 10%,(i.e., the current market interestrate is 10%)

May 02 2018 View more View Less

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