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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
)
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