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EA-17.Rand.04 Question 32 Nat comple Marked out of 5.00 qu On November 1, 2015, Ybarra Construction Company issued $400,000 of 5-year bonds that pay
EA-17.Rand.04 Question 32 Nat comple Marked out of 5.00 qu On November 1, 2015, Ybarra Construction Company issued $400,000 of 5-year bonds that pay interest at an annual rate of 5% The interest payments are due miery six months that is the interest is sompounded s Ybarra must pay the bond holders a balloon payment of $400,000 a. What would the issue price of the bonds be if the prevailing interest rate is Round answers to the nearest whole number. 0345 0 0065 0. b. Compute the market price of these bonds on November 1, 2017 assuming that the prevailing market interest rate at that time in Round answer to the nearest whole number. 5.0
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