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Compute the selling price of 7.00%, 15-year bonds with a par value of $430,000 and semiannual interest payments. The annual market rate for these bonds
Compute the selling price of 7.00%, 15-year bonds with a par value of $430,000 and semiannual interest payments. The annual market rate for these bonds is 6.00%. 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.) X Answer is complete but not entirely correct. Cash Flow Table Value Present Value 0.3624 X $ 155,832 X $430,000 par (maturity) value $15,050 interest payment 9.7122 X 146,169 $ 302,001 X Price of Bond
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