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Can you answer #5 please. 4. Will the bond proceeds always be less than the face amount of the bonds when the contract rate is
Can you answer #5 please.
4. Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interest? Yes X 5. Compute the price of $2,626,135 received for the bonds by using the present value tables in Appendix A. Round your PV values to 5 decimal places and the final answers to the nearest dollar. Your total may vary slightly from the price given due to rounding differences. Present value of the face amount Present value of the semiannual interest payments Price received for the bonds Feedback Check My Work X X X
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