Question
Compute the selling price of 10%, 10-year bonds with a par value of $210,000 and semiannual interest payments. The annual market rate for these bonds
Compute the selling price of 10%, 10-year bonds with a par value of $210,000 and semiannual interest payments. The annual market rate for these bonds is 12%.
Cash Flow Table Value Present Value
$210,000 par (maturity) value
$10,500 interest payment
Price of Bond
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
