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Question 2 On January 1, 2021 a Company issued the following Bonds: Face amount Number of years Stated interest rate $500,000 15 8% The
Question 2 On January 1, 2021 a Company issued the following Bonds: Face amount Number of years Stated interest rate $500,000 15 8% The bonds pay interest semi-annually. Part 1 Using the PV function and assuming the annual market interest rate is 6%determine the price of the bonds issued on January 1, 2021. Number of interest periods 2 points Semi-annual interest payment 2 points Face amount (Future Value) 2 points Market interest rate per semi-annual period 2 points Price of bonds (Present Value) (Use PV Fx function) 2 points Price of bond as an absolute amount 2 points
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