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4 points va Company issued 7%, 20-year bonds with a face amount of $57,000. The market yield for bonds of similar risk and maturity is

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4 points va Company issued 7%, 20-year bonds with a face amount of $57,000. The market yield for bonds of similar risk and maturity is 5%. Interest is paid annually. Here are the PV and PVA factors. DO NOT USE ANY OTHER FACTORS. Please note I am not asking for the total bond issue price. PV i5% PVA 15% PV i=7% PVA 17% 20 periods 20 periods 20 periods 20 periods 37689 10.59401 What is the present value of the interest payments that will be made over the bond life? $ 12.46221 25842

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