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neeed full ans part a b c d On January 1. 2023. Larkspur Corporation purchased a 51,140,000 bond issued by ALN Ltd. The bond was
neeed full ans part a b c d
On January 1. 2023. Larkspur Corporation purchased a 51,140,000 bond issued by ALN Ltd. The bond was due to mature on December 31, 2025, and paid interest at 68 every June 30 and December 31. The market interest rate was 8 Larksur had both the intention and ability to hold the bond until its maturity date. On January 1, 2025, Larkspur became aware that ALN was experiencing severe financial difficulties. After discussing the situation with ALN and some of the other creditors, Larkspur believed that ALN would now be able to repay only $1.026,000 of the oribinal $1,140,000 bond. (The tables in this problem are to be used os a reference for this problem.) Table A-2 PRESENT VALUE OF 1 (PRESENT VALUE OF A SINGLE SUM) PVFn,1=(1+i)n1=(1+i)n Calculate the purchase price of the bond using A-2 and A-4 Tables, a firancial calculator or Excel functions, (Round foctor walues to 5 decimal places, eg. 1.25124 and final answer to 2 decimal places, e. 5,275.36. Purchase price $ Attempts: 0 of 2 used Step by Step Solution
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