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please don't use excel, and show workings. Thank you A company issued 9%,10-year bonds with a face amount of $100 million. The market yield for
please don't use excel, and show workings. Thank you
A company issued 9%,10-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 8%. Interest is paid semiannually. At what price did the bonds sell? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar. 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 )Step by Step Solution
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