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A company issued 4%, 10-year bonds with a face amount of $72 million. The market yield for bonds of similar risk and maturity is
A company issued 4%, 10-year bonds with a face amount of $72 million. The market yield for bonds of similar risk and maturity is 5% Interest is paid semiannually. At what price did the bonds sell? (EV of S1, PV of S1 EVA of $1. PVA of S1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) Table values are based on: Cash Flow Amount Present Value Interest Principal Price of bonds
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