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QS 14-15A Computing bond price C2 Compute the selling price of 10%, 10-year bonds with a par value of $290,000 and semiannual interest payments. The

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QS 14-15A Computing bond price C2 Compute the selling price of 10%, 10-year bonds with a par value of $290,000 and semiannual interest payments. The annual market rate for these bonds is 12%. Use present value Table Bi and Table 3.2 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations.) Cash Flow 5280.000 parimaunty value $14.500 interest payment Price of Bond Table Value 03700 12.4622 Present Value 100 301 180,702 $ 200.003

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