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Brief Exercise 14-4 (Algo) Determining the price of bonds [LO14-2] A company issued 10%, 20-year bonds with a face amount of $110 million. The market
Brief Exercise 14-4 (Algo) Determining the price of bonds [LO14-2] A company issued 10%, 20-year bonds with a face amount of $110 million. The market yield for bonds of similar risk and maturity is 6%. 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.) X Answer is complete but not entirely correct. Price of bonds $ 142,691,000 X
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