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On January 1, 2020, Oman Cables Industry (SAOG) issued 12% bonds dated January 1, 2020, with a principal amount of OR30 million. The bonds mature

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On January 1, 2020, Oman Cables Industry (SAOG) issued 12% bonds dated January 1, 2020, with a principal amount of OR30 million. The bonds mature in 2029 (10 years). For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31 Note: to determine the price of bonds you should use tables (2) present value of $1 and (4) present value of an ordinary annuity of $1 to find the appropriate P.V. factors to calculate the interest and principal

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