Wednesday 10 October 2012

Brislin Corporation is issuing $237,900 of 7%, 5-year bonds when potential bond investors want a return of 12%. Interest is payable semiannually.

AE15-15


 



Your answer is correct.

 

 

Brislin Corporation is issuing $237,900 of 7%, 5-year bonds when potential bond investors want a return of 12%. Interest is payable semiannually.

Instructions

Compute the market price (present value) of the bonds.  (Round answer to 0 decimal places, e.g. 125.)



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