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Exercise 9-21(Static) Part 1 Required: 1-a. If the market rate is 8%, calculate...

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Accounting

Exercise 9-21(Static) Part 1
Required:
1-a. If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
1-b. Will the bonds issue at face amount, a discount, or a premium?
Complete this question by entering your answers in the tabs below.
Req 1a
If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1)(Use appropriate
factor(s) from the tables provided. Enter your answers in dollars not in millions (i.e., $5.5 million should be entered as
5,500,000. Round your final answers to the nearest whole dollar.)
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