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PRACTICE PROBLEM: CALCULATION OF BOND PROCEEDS FACTS: -Face value of bond = $100,000 -Stated rate of interest = 5% (PAID SEMI-ANNUALLY) -Yield = 6% -Maturity

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PRACTICE PROBLEM: CALCULATION OF BOND PROCEEDS FACTS: -Face value of bond = $100,000 -Stated rate of interest = 5% (PAID SEMI-ANNUALLY) -Yield = 6% -Maturity = 10 years 1. Compute the cash proceeds from the bond issuance using the Present Value (PV) tables. Round your answers to the nearest dollar. PV of the Face Value: PV of the Interest: 2. What if the yield is also 5%? Recompute

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