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4. Compute the price of the bonds as of their issue date. Table Values are Based on: Amount Present Value Cash F This is a
4. Compute the price of the bonds as of their issue date. Table Values are Based on: Amount Present Value Cash F This is a numeric cell, so please Parma enter numbers only. Interest (annuity) Price of bonds S0 Exercise 10-8 Computing bond Interest and price; recording bond Issuance LO P3 Citywide Company issues bonds with a par value of $150,000 on their stated issue date. The bonds mature in five years and pay 10% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. Table B.1. Table B.2. Table B.3. and Table B.4) (Use appropriate factor(s) from the tables provided.)
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