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Question
A company issues 6%, 5 year bonds with a par value of $800,000 and semiannual interest payments. On the issue date, the annual market rate of interest is 8%. Compute the issue (selling) price of the bonds.. The following information is taken from present value tables:Present value of an annuity for 10 periods at 3% 8.5302
Present value of an annuity for 10 periods at 4% 8.1109
Present value of 1 due in 10 periods at 3%................... 0.7441
Present value of 1 due in 10 periods at 4% 0.6756
Answer
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
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