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On January 1 , 2 0 2 5 , Sheridan Co . issued five - year bonds with a face value of $ 6 6
On January Sheridan Co issued fiveyear bonds with a face value of $ and a stated interest rate of payable semiannually on July and January The bonds were sold to yield
Present value table factors are:
Present value of for periods at
Present value of for periods at
Present value of for periods at
Present value of for periods at
Present value of an ordinary annuity of for periods at
Present value of an ordinary annuity of for periods at
Present value of an ordinary annuity of for periods at
Present value of an ordinary annuity of for periods at
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Calculate the issue price of the bonds. Round factor values to decimal places, eg and final answer to decimal places, eg
Issue price of bonds $
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