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If the market rate is 10%, calculate the issue price. bond characteristics amount face amount 40,100,000 interest payment 1,804,500 market interest rate 5.0% periods in
If the market rate is 10%, calculate the issue price.
| bond characteristics | amount |
| face amount | 40,100,000 |
| interest payment | 1,804,500 |
| market interest rate | 5.0% |
| periods in maturity | 40 |
| issue price | ? |
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Accounting And Auditing Research Tools And Strategies
Authors: Thomas Weirich, Thomas C. Pearson, Alan Reinstein
6th Edition
032430224X, 9780324302240
