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Dashboard Technologies, which follows IFRS, purchased bonds on January 1, 2020 with a face value of $70,000,000 that mature in 5 years. The bonds carry
Dashboard Technologies, which follows IFRS, purchased bonds on January 1, 2020 with a face value of $70,000,000 that mature in 5 years. The bonds carry a 5% annual interest rate (paid semi-annually) and were sold to yield a market rate of 4%. The company uses FV-NI for the bonds. Question 15 (3 points) What are the factors that you need to use to compute the value of the bonds that are purchased? That is, how would enter the following items in a calculator or Excel. Interest rate: % Number of periods: Payment: $ Question 16 (2 points) How much would the bonds be purchased for? $
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