Lunar, Inc., plans to issue $300,000 of 10% bonds that will pay interest semiannually and...
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Lunar, Inc., plans to issue $300,000 of 10% bonds that will pay interest semiannually and mature in 5 years. Assume that the effective interest rate is 12% per year compounded semiannually. Calculate the selling price of the bonds. Use financial calculator or Excel to calculate answers. Round answers to the nearest whole number
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