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company issued 6%,10 -year bonds with a face amount of $75 million. The market yield for bonds of similar risk and matur nterest is paid

company issued

6%,10

-year bonds with a face amount of

$75

million. The market yield for bonds of similar risk and matur nterest is paid semiannually. At what price did the bonds sell?\ Note: Do not round intermediate calculations and round you final answer to nearest whole dollar. Use tables, Excel, or a calculator. (FV of

$1,PV

of

$1,FVA

of

$1,PVA

of

$1,FVAD

of

$1

and PVAD of

$1

)

image text in transcribed
company issued 6%,10-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and matur iterest is paid semiannually. At what price did the bonds sell? Jote: Do not round intermediate calculations and round you final answer to nearest whole dollar. Use tables, Excel, or a alculator. (FV of $1, PV of $1,FVA of $1,PVA of $1,FVAD of $1 and PVAD of $1 )

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