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5.1-10) Please post answers with supporting calculations On December 31,2024 , a company issued 5% stated rate bonds with a face amount of $111 million.

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On December 31,2024 , a company issued 5% stated rate bonds with a face amount of $111 million. The bonds mature on December 31, 2054. Interest is payable annually on each December 31, beginning in 2025. Determine the price of the bonds an December 31,2024 , assuming that the market rate of interest for similar bonds was 6%. Note: Use tables, Excel, or a financial calculator. Enter your answers in whole dollars and not in milions. (FV of \$1, PV of $1, FVA of 51. PVA of S1. FVAD of S1 and PVAD of S1)

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