Question
800 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments Assuming the market rate of interest is 10%, calculate the selling price
800 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments
Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. Refer to the tables above for present value factors. If required, round all calculations to the nearest dollar.
2,307,449 is not working.
1153725 is not working. I'm unsure of how to calculate this.
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Implementing And Auditing The Internal Control System
Authors: D. Chorafas
2001edition
0333929365, 978-0333929360
