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please help! will thumbs up if correct. A company issued 8%,15-year bonds with a face amount of $100 million. The market yield for bonds of
please help! will thumbs up if correct.
A company issued 8%,15-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell? Note: Do not round intermedlate calculations. Round your final answer to the nearest whole dollar. Use tables, Excel, or a financial calculator:(EV of \$1, PV of S1, EVA of \$1, PVA of S1, EVAD of $1 and PVAD of \$1) Step by Step Solution
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