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Question 16 (8 points) Time value of Money On 6/30/2013, the company issued 6% stated interest rate bonds with a face amount of $200
Question 16 (8 points) Time value of Money On 6/30/2013, the company issued 6% stated interest rate bonds with a face amount of $200 million, interest to be paid semiannually. The bond matures in 15 years. The market rate is 5% (2.5% semi-annually) Determine the price of the bond on 6/30/2013 The present value of all stated interests is: 1).. The present value of face value ($200M) is: 2) The price of the bond is: 3) The interest expense on 2013 is 4), Blank #1 Blank #2 Blank #3 Blank #41 View hint for Question 16
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