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Kelly Industries issued 13% bonds, dated January 1, with a face value of $100,000 on January 1, 2021. The bonds mature in 2031 (10 years).
Kelly Industries issued 13% bonds, dated January 1, with a face value of $100,000 on January 1, 2021. The bonds mature in 2031 (10 years). Interest is paid semiannually on June 30 and December 31. For bonds of similar risk and maturity the market yield is 14%. What was the issue price of the bonds? FV of $1. PV of $1. EVA of S1. PVA of S1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $68,861. S98,320. $94,703
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