A company issued 4%, 10 year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 5%. Interest is paid semiannually. At what price did the bonds sell?

COUNTING Question1 (of 3) value: 10.00 points A company issued 496, 10-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 5% Interest is paid semiannually At what price did the bonds sell? (Evors1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factorfs) from the tables provided. Enter your answers in whole dollars.) Table values are based on: 20 2.5%; Amount Cash Flow Present Value Interest Principal Price of bonds References eBook & Resources Leaming Objective 14-02 Account for bonds issued at face value, at a discount or at a premium, recording interest using the effective interest method or using the straight-line method Brief Exercise