On 6/30/2013, the company issued 6% stated interest rate bonds with a face amount of $200 million, interest to be paid semiannually. The bond matures in 15 years. The market rate is 5% (2.5% semi-annually) Determine the price of the bond on 6/30/2013 The present value of all stated interests is: 1). The present value of face value ($200M) is: 2). The price of the bond is: 3) The interest expense on 2013 is 4)_ TABLE 1 Future Value of $1 FV-$1 (1+i NI 1.0% 1.5% 2.0% 2.5% 3.0% 2.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 1 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 105500 106000 1.07000 1.08000 100000 1.10000 1.11000 1.12000 2 1.02010 1.03022 104040 105063 1.06090 1.07123 1.00160 1.09203 1.10250 111303 112360 1.14490 1.16640 1.19010 1.21000 1.23210 1.25440 3 1.03030 1.04560 106121 107609 1.09273 1.10872 1.12456 1.14117 1.15763 1.17424 1.19102 1.22504 125971 1.29503 1.32100 1.36763 140493 4 1.04060 106136 1.08243 1.10381 1.12551 1.14752 1.16056 1.19252 1.21551 123882 1.26248 1.31080 1.36040 1.41158 1.46410 1.51807 1.57352 5 105101 1.07728 1.10400 1.13141 1.15927 1.18769 121665 1.24618 1.27628 130606 1.33823 140255 146033 1.53862 1.61051 1.68506 1.76234 1.06152 1.09344 1.12616 7 107214 1.10984 114069 108286 1.12649 117166 91.00349 1.14339 119509 10 1.10462 1.16054 121999 11 1.11547 1.17795 124337 1.31200 134423 880194 100209 1.890830 210485 233164 258043 2.85312 315176 3.47855 12 1.12683 1.19542 126824 1.34400 1.42576 151107 1.40103 140580 1795 1.90121 201220 225219 251017 281266 313043 349845 189998 13 113009 121355 129361 137851 144453 156306 164507 177220 144545 200677 2.13293 240085 2719062 306580 145227 388328 436349 14 1.1847 1.23176 131948 141297 151254 1410 173148 185194 197993 211609 2.26000 257853 293719 3.34173 179750 15 1.16097 1.25023 134587 1.44830 1.55797 147535 1.80004 190529 20780 223248 230456 275003 317217 364248 417725 4.31044 488711 478459 547357 16 1.17258 126899 1.37279 17 1.18430 128802 1.40024 18 1.19615 1.30734 142925 19 120811 1.32695 1.45681 20 1.22019 134606 1.40595 115969 1.19405 1.22926 126532 1.30226 1.34010 137864 1.18869 1.22967 127229 1.31593 1.36086 1.40710 1.45468 121640 1.26677 131681 1.36857 142210 1.47746 153469 124856 1.30477 136290 142331 1.48610 1.55133 1.61909 1.28008 1.34392 141060 1.48024 1.55297 142889 170814 21 1.23239 1.36706 151547 25 1.2824) 1.45095 148061 30 1.34785 1.56308 191136 40 1496 181402 220004 1.41852 1.50073 1.58687 1.67710 177156 1.87041 1.97382 1.50363 1.40578 1.71382 182004 1.94872 207616 221060 1.50385 1.71819 1.95099 1.99256 2.14359 230454 247596 168048 1.83846 1.90000 217199 2.35795 255804 277300 1.79085 1.96715 2.15092 2.36736 259374 283042 3.10585 1.48451 140471 173299 147204 202237 218267 2.35526 254035 205216 142504 1.97031 450497 531089 613039 152162 165285 1.7946 194790 211330 229202 240430 2.69277 3.15082 270002 4.32763 5.05447 5.80500684404 155966 1.70243 185749 2.02542 220840 2.40662 242147 285434 3.37993 199602 471712 5.55992 654355 74097 150845 1.75351 192250 2.10685 230766 2.52695 276545 302560 161653 431570 5.14166 611901 726334 841276 143862 1.80611 190979 219112 241171 265330 291776 3.20714 186468 466096 560441 672750 8.06231 964629 147958 1.56029 205043 1.95394 209378 2.36324 209757 242726 2.80679 240506 336204 395026 20.0% 1.20000 144000 1.72800 207360 240832 298598 3.58318 4.29982 5.15978 6.19174 743008 891610 1069932 1283918 15.40702 18.48043 22.18611 26.62333 31.94000 34.33760 4600512 95.39622 227877 252024 278506 167823 130954 414056 503383 610091 7.40025 8.94917 10.80385 264564 300543 1.36635 181339 429187 542743 694048 842308 10 83471 13.58546 17.00006 324340 374532 4.32194 498395 574349 761226 10.06366 13.26768 17.44040 2280230 20.95902 237.37631 480102 581436 701099 851331 10.28572 1497446 21.72452 3140942 4525926 45.00087 91.05007 14407760 21 121230 1.36706 151547 167958 1.86029 205943 227877 252024 278596 307823 339956 414056 500383 410091 740025 8.94917 10405 ALB 90000 21ST CE BOCZYWCZYS CRISC CIBE SEPET PSOE PZ BE B60 61 OPS SHOPS OS SE 2005062022Z OPOCRI POOL SZIVL OPERES SONY POZEY ZESPCE OPENTE ALONT mare chot LLET CST SOCIO Z Z ZO OF IS 00000ES 2010 S6 40006 290009 TABLE 2 Present Value of $1 PV-31 NOT IN 8.00 9.0% 100% 11.0% 12.0% 091746000900000296 SON 5.5% 60% 7.0% 10901092099 097541 01 02 04 05 2000030 097066 094117 095181 004360 003351 003456 091573 0900 645 680000 0.87344 085734 03645 081162 67479 0 087430054364 085141 083042 081630 6.79383 6.77219 075131 073119 0711/79 3075905632054232 092040 091514 0904 440 1.5% 20% 2.5% 20 LCD De to co z200 oso60 HZ D D EWOSO PESO 5020 EVO O teore sezo zece occo occa o oco (AED PED SOOD scere was so case SIZZO PRO OLLO LO CONKIS OLEODEZINO ME ME $ 65147 00573 50 47 082103 08345 674353 6N613 47072 071299 04058 0493 062002 650545 56 8 623 66771 0853 042075 878041 675041 6730907039 0444 045140 642741 058201 854007 650167 641 643 957 607 Z otro noe stoovo tecrso ess tavo vo se HERE FORED Wed that I co e cero essere recor er A 12 688765 683430 679 0744 67013 0661 04340 05 ESSA 5 GA01 671 630053 621 6284 02 145 0.750 070773 06112 041776 057748 657 6500047757 844790 038762 034044020925026333 62 02062 WARTO O Ses CHASED ISESEO OPD 2io 2009 so vse co CON GO TO Y RESIES SD ouretso sesse wire coro Lococ w S 14686242 0.7680 6.7245 0474264217 057671 65 64 65 6373 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