Question
ABC company issued 8% bonds with a face amount of $100 million on January 1, 2005. The bonds mature on December 31, 2019 (15 years).
ABC company issued 8% bonds with a face amount of $100 million on January 1, 2005. The bonds mature on December 31, 2019 (15 years). The market rate is 10%. Interest is paid semi-annually on June 30 and December 31. What is the present value of the bonds on January 1, 2005 (rounded to the nearest thousand)?
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Cloud Computing Data Auditing Algorithm
Authors: Manjur Kolhar, Abdalla Alameen, Bhawna Dhupia, Sadia Rubab, Mujthaba Gulam
1st Edition
