Wildhorse Inc. manfactures cycling equipment. Rencently, the vice president of operations of the company has...
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Wildhorse Inc. manfactures cycling equipment. Rencently, the vice president of operations of the company has requested construction of a new plant to meet the incresing demand for the companys bikes. After a careful elvaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $ of term corporate bonds on March due on March with interest payable each March and September At the time of issuance, the market interest rate for similar financial instruments is Determine the selling price of the bonds.
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