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On September 3 0 , 2 0 2 4 , the Techno Corporation issued 8 % stated rate bonds with a face amount of $
On September the Techno Corporation issued stated rate bonds with a face amount of $ million. The bonds mature on September years The market rate of interest for similar bonds was Interest is paid semiannually on March and September
Required:
Determine the price of the bonds on September
Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount, not in millions. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
tableTime values are based on:
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