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A company issued 5%, 10-year bonds with a face amount of $80 million. The market yleld for bonds of similar risk and maturity is 5%.
A company issued 5%, 10-year bonds with a face amount of $80 million. The market yleld for bonds of similar risk and maturity is 5%. Interest is pald semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) Answer is complete but not entirely correct. Price of bonds s 70,754,091 X A company issued 10%, 15-year bonds with a face amount of $100 million. The market yleld for bonds of similar risk and maturity is 6%. Interest is pald semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Enter your answers in whole dollars.) Answer is complete but not entirely correct. Price of bonds $ 139,200,000
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