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Compute the selling price of 12.00 %, 15-year bonds with a par value of $400,000 and semiannual interest payments. The annual market rate for these
Compute the selling price of 12.00 %, 15-year bonds with a par value of $400,000 and semiannual interest payments. The annual market rate for these bonds is 10.00 %. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole dollar amount.) Cash Flow Table Value Present Value $400,000 par (maturity) value $24,000 interest payment ' Price of Bond
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