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On September 30,2024 , the Techno Corporation issued 8% stated rate bonds with a face am on September 30, 2044 (20 years). The market rate
On September 30,2024 , the Techno Corporation issued 8% stated rate bonds with a face am on September 30, 2044 (20 years). The market rate of interest for similar bonds was 10%. Inte and September 30. Required: Determine the price of the bonds on September 30, 2024. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole $1. PV of $1. FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1 ) oration issued 8% stated rate bonds with a face amount of $400 million. The bonds mature arket rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 rember 30, 2024. Iculator. Round your final answers to nearest whole dollar amount, not in millions. (FV of I $1 and PVAD of $1 )
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