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D D e sted January 1, 2016. and is issued on that date. The face value of the bond is $100.000, and the face The
D D e sted January 1, 2016. and is issued on that date. The face value of the bond is $100.000, and the face The bond pays est semiannually. The bond will mature in five years e price of the bonded the manuals of interest 15% at the time of issuancer be the issue price of the bond the market rate of interest is 8% at the time of issuance? be the price of the bond if the mantet rate of interest is 10% at the time of issuance? 2 A bond with a face value of $10.000 is issued at a discount of $800 on January 1, 2016. The face rate of interest on the bond is 7
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