Business, 04.03.2021 20:40 runopaxef5136
Bramble Corp. manufactures exercise equipment. Recently the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's exercise equipment. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3450000 of 11% bonds on March 1, 2020, due on March 1, 2035, with interest payable each March 1 and September 1. At the time of issuance, the market interest rate for similar financial instruments is 10%. What is the selling price of the bonds
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Bramble Corp. manufactures exercise equipment. Recently the vice president of operations of the comp...
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