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Question 16 XYZ Company issues 5,000,000 par value bonds with a contract rate of 5.0%. These bonds pay interest annually and will mature in
Question 16 XYZ Company issues 5,000,000 par value bonds with a contract rate of 5.0%. These bonds pay interest annually and will mature in 20 years. If the current market rate is 4.0%, what price would XYZ expect to receive for these bonds? Please round your answer to the nearest whole number and do not use dollar signs. Question 17 5 pts 5 pts Assume you are the CFO of a company and you have just negotiated a 7,000,000 installment loan. The interest rate is 8.0% and the loan will be repaid with 6 annual payments. What will be that payment amount? Please round your answer to the nearest whole dollar and do not use dollar signs. O 1,514,201 280,000 1,166,667 O none of the above
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