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Canvas 1.764 Question 6 3 pts The Name's Bond is looking to raise cash to complete the development of their retail spy store at The
Canvas 1.764 Question 6 3 pts The Name's Bond is looking to raise cash to complete the development of their retail spy store at The Amazing Brentwood. The Name's Bond decides to issue a bond to finance the building of their store. The face value of the bond is $50,000,000, which is issued on January 1, 2021. The 6% bond pays interests annually and matures in 7 years. On January 1, 2021, bonds in the market had an interest rate of 9%. What is the price that the bond is issued at on January 1, 2021? Do not round intermediary answers. Round your final answer to the nearest dollar. Do not use $ signs in your final answer. Do not round PV factors. (There's a copy of the PV tables at the end of this exam if you need it. If you can't see the image, you can use the PV tables that I gave you in module Ch10 Long Term Liabilities). 42.449,000 D Reference Material - Present Value Tables Dracantevole of $1 that is the - where interest to number of resident
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