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On January 1, 2020, our company sold 1000 of our 4% coupon rate, 5 year, $1,000 face value bonds. The bonds pay interest annually on
On January 1, 2020, our company sold 1000 of our 4% coupon rate, 5 year, $1,000 face value bonds. The bonds pay interest annually on December 31. The bonds were priced to yield 6%. Question 1 1 pts Using the information above, along with the PV tables in this assignment, the amount of cash received from the issuance of the bonds on January 1, 2020 would be? (enter whole dollars with no dollar sign but with commas) note: use the PV tables included in this assignment if you get feedback that your answer is incorrect (your calculator will likely come up with a more precise but different calculation due to the # of digits behind the decimal place)
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