[Solved] 1.) Ivanhoe Ltd. issued $425,000 of 5%, 5

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1.) Ivanhoe Ltd. issued $425,000 of 5%, 5-year bonds on January 1, 2024. Interest is payable semi-annually. Calculate the price of the bond assuming the

1.) Ivanhoe Ltd. issued $425,000 of 5%, 5-year bonds on January 1, 2024. Interest is payable semi-annually. Calculate the price of the bond assuming the market rate of interest is: (a) 4%, (b) 5%, and (c) 6%.

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PV=(1+i)n1 PV=PMT(i1(1+i)n)

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