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please answer asap for a good rating Kelly Industries issued 10% bonds, dated January 1, with a face value of $100,000 on January 1,2024 .
please answer asap for a good rating
Kelly Industries issued 10% bonds, dated January 1, with a face value of $100,000 on January 1,2024 . The bonds mature in 2033 (10 years). Interest is paid semiannually on June 30 and December 31 . For bonds of similar risk and maturity the market yield is 11%. What was the issue price of the bonds? Note: Use tables, Excel, or a financial calculator. (FV of $1,PV of $1. FVA of $1, PVA of $1. FVAD of $1 and PVAD of \$1) Multiple Choice $69,277 $59,752 $98,306 $94,025 Step by Step Solution
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