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4 125 points On September 30, 2024, the Techno Corporation issued 8% stated rate bonds with a face amount of $120 million. The bonds mature
4 125 points On September 30, 2024, the Techno Corporation issued 8% stated rate bonds with a face amount of $120 million. The bonds mature on September 30, 2044 (20 years). The market rate of interest for similar bonds was 10% Interest is paid semiannually on March 31 and September 30 Required: Determine the price of the bonds on September 30, 2024. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount, not in millions. (EV of $1. PV of $1. EVA of S1, PVA of $1. EVAD of $1 and PVAD of $1) Answer is not complete. Time values are based on: n 40-> 5% O Cash Flow Amount Present Value Interest S 6.000.000 Principal $ 120.000.000 17,045,481 Price of bonds
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