A company issued 8%, 10-year bonds with a face amount of $10o0 million. The market yield for bonds of similar risk and maturity is 4%. Interest is paid 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 $1) (Enter your answers in whole dollars.) Answer is complete but not entirely correct. Price of bonds 2$ 132,702,853 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? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Enter your answer in whole dollars.) wwww Price of bonds $ 66,387,898 TABLE 4 Present Value of an Ordinary Annuity of $1 1- PVA= 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.83333 1.97040 1.95588 1.94156 1.92742 1.91347 1.89969 1.88609 187267 1.85941 1.84632 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.52778 3. 2.94099 2.91220 2.88388 2.85602 2.82861 2.80164 2.77509 2.74896 2.72325 2.69793 2.67301 2.62432 2.57710 2.53129 2.48685 2.44371 2.40183 2.10648 4. 3.90197 3.85438 3.80773 3.76197 3.71710 3.67308 3.62990 3.58753 3.54595 3.50515 3.46511 3.38721 331213 3.23972 3.16987 3.10245 3.03735 2.58873 4.85343 4.78264 4.71346 4.64583 4.57971 4.51505 4.45182 4.38998 4.32948 4.27028 4.21236 4.10020 3.99271 3.88965 3,79079 3.69590 3.60478 2.99061 5.79548 5.69719 5.60143 5.50813 5.41719 5.32855 5.24214 5.15787 5.07569 4.99553 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.ll141 3.32551 7. 6.72819 6.59821 6.47199 6.34939 6.23028 6.11454 6.00205 5.89270 5.78637 5.68297 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 3.60459 8. 7.65168 7.48593 732548 7.17014 7.01969 6.87396 6.73274 6.59589 6.46321 6.33457 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 3.83716 9. 8.56602 8.36052 8.16224 7.97087 7.78611 7.60769 7.43533 7.26879 7.10782 6.95220 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.03097 10 947130 9.22218 8.98259 8.75206 8.53020 8.31661 8,11090 791272 7.72173 7.53763 736009 7.02358 6.71008 6 41766 6.14457 5.88923 5.65022 4.19247 11 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8.76048 8.52892 8.30641 8.09254 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 4.32706 12 11.25508 10.90751 10.57534 10.25776 9.95400 9.66333 9.38507 9.11858 8.86325 8.61852 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 4.43922 13 12.13374 11.73153 11.34837 10.98319 10.63496 10.30274 9.98565 9.68285 9.39357 9.11708 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 4.53268 14 13.00370 12.54338 12.10625 11.69091 11.29607 10.92052 10.56312 10.22283 9.89864 9.58965 9.29498 8.74547 8.24424 7.78615 736669 6.98187 6.62817 4.61057 15 13.86505 13.34323 12.84926 12.38138 11.93794 11.51741 11.11839 10.73955 10.37966 10.03758 9.71225 9.10791 8.55948 8.06069 7.60608 7.19087 6 81086 4.67547 16 14.71787 14.13126 13.5777I 13.05500 12.56l10 12.09412 l.65230 11.23402 10.83777 10.46216 10.10590 9.44665 8.85137 8.31256 7.82371 7,37916 6.97399 4.72956 17 15.56225 14.90765 14.29187 13.71220 13.16612 12.65132 12.16567 11.70719 11.27407 10.86461 10.47726 9,76322 9.12164 8.54363 8.02155 7.54879 7.11963 4.77463 18 16.39827 15.67256 14.99203 14.35336 13.75351 13.18968 12 65930 12 15999 11.68959 11 24607 10.82760 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 4.81219 19 17.22601 16.42617 15.67846 14.97889 14,32380 13.70984 13.13394 12.59329 12.08532 11.60765 11.15812 10.33560 9.60360 8.95011 8.36492 7.83929 7.36578 4.84350 20 18.0455S 17.16864 16.35143 15.58916 14.87747 14.21240 13.59033 13.00794 12.46221 11.95038 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 4.86958 21 18.85698 17.90014 17.01121 16.18455 15.41502 14.69797 14.02916 13.40472 12.82115 12.27524 11.76408 10.83553 10.01680 9.29224 8.64869 8.07507 7.56200 4.89132 25 22.02316 20.71961 19.52346 18.42438 17.41315 16.48151 15.62208 14.82821 14.09394 13.41393 12.78336 11.65358 10.67478 9.82258 9.07704 8.42174 7.84314 4.94759 30 25.80771 24.01584 22.39646 20.93029 19.60044 18.39205 17.29203 16.28889 15.37245 14.53375 13.76483 12.40904 11.25778 10.27365 9.42691 8.69379 8.05518 4.97894 40 32 83469 29.91585 27.35548 25.10278 23.11477 21.35507 19.79277 18.40158 17.15909 16.04612 15.04630 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 4.99660 TABLE 2 Present Value of $1 $1 PV = (1+)" 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% S.0% 9.0% 10.0% 11.0% 12.0% 20.0% 1 099010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 095238 094787 0.94340 0.93458 0.92593 0,91743 0.90909 0.90090 0.89286 0.83333 2 098030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.91573 090703 089845 0 89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.69444 3 0.97059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.36384 085161 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.57870 4 096098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 082270 0.80722 0.79209 0.76290 0,73503 0.70843 0.68301 0 65873 0.63552 048225 5 095147 0.92826 0.90573 0.88385 0.86261 0.84197 082193 0 s0245 0.78353 0.76513 0.74726 0.71299 0.68058 0.64993 0 62092 0.59345 0.56743 040188 6 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50063 0.33490 7 093272 0.90103 087056 084127 0.81309 0.78599 0.75992 0.73483 0.71068 0 68744 0.66506 0 62275 058349 054703 0.51316 048166 045235 0.27908 8 092348 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.58201 0,54027 0.50187 0.46651 0.43393 0.40388 0.23257 9 091434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.61763 0.59190 0.54393 0.50025 0.46043 0.42410 039092 036061 0.19381 10 0.90529 0.86167 082035 6 78120 0.74409 0.70892 067556 0.64393 0.61391 0.58543 055839 0.50835 0.46319 0.42241 038554 035218 032197 016151 I1 0.39632 0.54893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 .58468 0.55491 0.52679 0.47509 0.4288S 0.38753 0.35049 031728 e.28748 0.13459 12 0.88745 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 O52598 0.49697 0.44401 039711 0.35553 0.31863 0.28584 0.25668 0.11216 13 0.87866 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 0.49856 0.46854 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.09346 14 0.84996 0 81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 047257 044230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 007789 15 0.86135 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.51672 0.48102 044793 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.06491 16 0.85282 e.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.05409 17 084438 0.77639 0.71416 065720 0.60502 0.SST20 0.51337 0.47318 0.43630 0.40245 0.37136 031657 0.27027 0.23107 0.19784 0.16963 0.14564 0.04507 18 083602 0.76491 070016 0.64117 0.58739 053836 0.49303 0.45280 0.41552 038147 035034 0.29586 0.25025 0211599 0.17986 0.15282 0.13004 0.03756 19 082774 0.75361 0.68643 0.62553 0.57029 0.52016 047464 0.43330 039573 036158 0 33051 0276Si 0,23171 019449 0.16351 0.13768 011611 0.03130 20 0.81954 0.74247 0.67297 061027 a55368 0.50257 0.45639 0.41464 0.37689 0.34273 031180 0.25842 0.21455 0.17843 0.14564 0.12403 0.10367 0.02608 21 0.81143 0.7315e 0.65978 0.59539 0.53755 0.45557 0.43883 0.39679 0.35894 032486 0.29416 0.241s e.19866 0.16370 0.13513 0.11174 0.09256 0.02174 24 0.78757 0.69954 0.62172 055288 0.49193 0.43796 0.39012 0.34770 031007 0.27666 0.24698 0.19715 0.15770 0.12640 0.10153 0.08170 0.06588 0.01258 25 0.77977 0.68921 0.60953 0.53939 0.47761 0.42315 037512 0.33273 0.29530 0.26223 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.01048 28 0.75684 0.65910 0.57437 0.50088 0.43708 0.38165 033348 0.29157 0.25509 0.22332 0.19563 015040 0.11591 0.08955 0.06934 0 05382 0.04187 0.00607 29 0.74934 0.64936 0.56311 0.48866 0.42435 0.36875 0.32065 0.27902 0.24295 0.21168 0.18456 0.14056 0.10733 0.08215 0.06304 0.04849 0.03738 0.00506 30 0.74192 0.63976 0.55207 0.47674 0,41199 0.35628 0.305832 0.26700 0.23138 0.20064 0.17411 0.13137 0.09938 0.07537 0.05731 0.04368 0.03338 0.00421 31 0.73458 0.63031 0.54125 0 46511 039999 0.34423 029646 0.25550 0.22036 0.19018 0 16425 0 12277 0.09202 0.06915 005210 0.03935 0.02980 o 00351 40 0.67165 0.S5126 0.45289 037243 030656 0.25257 020829 0.17193 0.14205 011746 0.09722 0.0667E 0.04603 0.03154 0.02209 0.01535 0.01075 0.00068