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Please show work and which table used. Thanks! A company issued 4%, 20-year bonds with a face amount of $84 million. The market yield for
Please show work and which table used. Thanks!
A company issued 4%, 20-year bonds with a face amount of $84 million. The market yield for bonds of similar risk and maturity is 5%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.)
n= i= Amount PV Interest $ $ Principle $ $ Price of bonds |
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