Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5 S 012846 Thyme Corporation issues 6%, 10-year bonds with a face amount of $50,000. The market interest rate is 7%. Interest is paid semiannually.

5 S 012846 Thyme Corporation issues 6%, 10-year bonds with a face amount of $50,000. The market interest rate is 7%. Interest is paid semiannually. At what price will the bonds issue? Round your answer to the nearest whole dollar. (Present value tables are provided below.) TABLE 2 Present Value of $ AT LOS 18% 205 285 30% 205 ASS 6.3% 70% 4500 587344 1 20003007064 09617 605181 094300002351 002456 091573 000 3 097069 095632 094232 052060 091514 090194 000 07630 0304 05161 66 4096000 094218 092285 00050 040 087144 035480 03054 082270 080722 079209 076200 5095147 68220073 08 021 841 0219 080245 078353 074513 87472607129 094205 041454 070 08230 083748 081350 079031 676790 674622 072525 07046 046634 7 093272 090103 047056 084127 681309 079500 0252 073483 67108 064764 0650 062275 00234 084771 0340 082075 070041 075941 072000 670319 067604 6510 042741 658301 RICH 087459 08376 040073 076642 073373 070250 047290 044441 0417630591900439 10 000529 0167 08205 078120 074409 070092 047566 654292 061391 054543 oss 11 032 004203 680426 076214 072342 048495 064058 061620 0584ce 055491 052679 647509 12 088745 0839 078849 074356 070138 066178 063460 05essa osseas 052508 049007 044401 13 087866 082403 077303 072542 048005 063040 080057 056427 053032 04056 0484 041496 14 00811es 0.75788 070773 066112 061778 057748 05297 050507 047257 044230 63872- S 086135 0799s 074301 000047 064180 050 055626 051672 048102 044793 041727 636245 1085282 078803 072845 067362 062317 057671 053301 040447 045811 044 020562203 17 084438 077639 071416 066720 060600 055720 051337 047318 043630 040245 037136 0.31667 18 083602 076491 070016 064117 058729 053036 045363 045290 041552 038147 635034 02056 10 082774 075361 060643 062553 2016 047464 041130 039573 036158 033051 027651 20 081954 074247 067207 0810275 04549 041464 0376 034273 031180 025842 TABLE 4 Present Value of an O Auity of $1 PVA- 30% 3% 1M 094770900 4.05 435 6.5 18% 285 2.0% 1090010 0522 000039 007561 097067 068 006154 094040062 2187040 1asse 104156 1.902742 191347 10000 1600 187267 1841 184632 183279 180802 3284000 291220 230 285602 282061 280164 277500 274 272306 20743 247301 262432 300167 38543 380773 176107 371710 367308 342900 354753 485303 478264 471346 464583 457971 45150S 445182 43000 . 354505 350515 24511 338721 432048 427028 42126 410020 7 540143 550813 541710 532 524214 515787 0754006534917224264

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Policies In Local Government Finance

Authors: Icma Staff

5th Edition

0873267729, 978-0873267724

More Books

Students also viewed these Accounting questions

Question

4. What advice would you give to Carol Sullivan-Diaz?

Answered: 1 week ago