Question
A company issued $1,010,000 worth of 15-year bonds with a 5% interest rate. Interest is to be paid annually. Calculate the bond issue price under
A company issued $1,010,000 worth of 15-year bonds with a 5% interest rate. Interest is to be paid annually.
Calculate the bond issue price under each market interest rate: Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Use the present value tables in the text. Using Excel or the PV function on a calculator will generate different answers due to rounding.
| Market Interest Rate | Bond Price |
| 4% | $Answer |
| 5% | $Answer |
| 6% | $Answer |
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Excise Tax Ozone Depleting Chemicals IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304114279, 978-1304114273
