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A company issued 6%, 10-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 7%.
A company issued 6%, 10-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 7%. Interest is paid semiannually. At what price did the bonds sell? (Fv of $1, $1, FvA of of $1, FvAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) 3.5% Cash Flow Amount Present Value Interest Principal Price of bonds on check my work references ebook s resources
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