20- Mind Explorers issues bonds with a stated interest rate of 8%, face value of $190,000, and...
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Question:
20- Mind Explorers issues bonds with a stated interest rate of 8%, face value of $190,000, and due in 10 years. Interest payments are made semi-annually. The market rate for this type of bond is 7%. Using present value tables, calculate the issue price of the bonds. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Multiple Choice
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$190,000.
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$154,560.
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$203,502.
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$177,090.
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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