The issue price of the bond. Given information: Company issued bonds worth $1,500,000. Term period for conversion is 7 years Interest is payable semi-annually each January 1 and July 1. Market rate of interest is 8%.

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Chapter 14, Problem 14.16BE

To determine

The issue price of the bond.

Given information:

Company issued bonds worth $1,500,000.

Term period for conversion is 7 years

Interest is payable semi-annually each January 1 and July 1.

Market rate of interest is 8%.

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