Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 14 Aug 2017 My Price 5.00

Spiller Corp.

Spiller Corp. plans to issue 10%, 15-year, $500,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2011, and are issued on that date. Use these: http://lectures.mhhe.com/connect/0078110874/Images/tableb.1.jpg http://lectures.mhhe.com/connect/0078110874/Images/tableb.3.jpg If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue? (Round "PV Factor" to 4 decimal places, intermediate and final answer to the nearest dollar amount. Omit the "$" sign in your response.) -THANKS.

Answers

(5)
Status NEW Posted 14 Aug 2017 01:08 AM My Price 5.00

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