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SSA inc. issues 4% bonds with a lace value of $500,000 when the market rate of interest is 3% for similar bonds. The bonds mature in 10 years, and pay interest every six months .
Which one of the following is closest to the amount of cash SSA will receive upon issued?
- A . $459,000
B. $500,000
C. $505,000
D. $543,000
Suggested Answer: D
Posted : 24/11/2022 3:21 am