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QS 14-20A (Algo) Computing bond price LO C2 Compute the selling price of 6.00%, 15-year bonds with a par value of $260,000 and semiannual
QS 14-20A (Algo) Computing bond price LO C2 Compute the selling price of 6.00%, 15-year bonds with a par value of $260,000 and semiannual interest payments. The annual market rate for these bonds is 4.00%. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole dollar amount.) Cash Flow Table Value Present Value $260,000 par (maturity) value $7,800 interest payment Price of Bond
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