Oriole Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places, e.g. 58,971.) Issue price of the bonds $ 181773
Oriole Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places, e.g. 58,971.) Issue price of the bonds $ 181773
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...
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![Oriole Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market
rate for such bonds is 10%.
Click here to view factor tables.
Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O
decimal places, e.g. 58,971.)
Issue price of the bonds $
eTextbook and Media
181773](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbce4f331-e641-4408-9008-0b09cb6b6deb%2F35a63807-4ba9-43f4-8587-57d3d0eee701%2Fkpfyvot_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Oriole Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market
rate for such bonds is 10%.
Click here to view factor tables.
Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O
decimal places, e.g. 58,971.)
Issue price of the bonds $
eTextbook and Media
181773
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