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On January Year 1 a company issues $408 milion of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and
On January Year 1 a company issues $408 milion of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 eech year The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride 2-a. If the market rate is 75. calculate the issue price. EV.t. EY.ot S1 EVA of S and PVA ot AD (Use appropriate factorts) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in mions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar) Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate esue price Amount 40800.000 Required information (The folowng information appies to the quesnons daplayed below On Januery1 vearta compeny issues $408 mition of 7% bonos, due in 10 years, with inserest peyate semannualy roler coester, a water nde a derk tunnel, end he great smel of outdoor barbeque, all in June 30 end December 31eech year The preceeds wi be used to bud noe that combenes a 3. the market ate is 8% calicuate the issue pnce EYS E L EAE and EVALA se apprepriate factort fem the tables provided, Do not round interest rate factors Enter your answers in dollars net in milons. Round Market interest te decimal place. Round your final answers to the nearest whole dollar Bund eics An 40.000.000
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