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we leave a like if done correctly :) On December 31,2024 , a company issued 5% stated rate bonds with a face amount of $118
we leave a like if done correctly :)
On December 31,2024 , a company issued 5% stated rate bonds with a face amount of $118 million. The bonds mature on December 31, 2054. Interest is payable annually on each December 31, beginning in 2025. Determine the price of the bonds on December 31, 2024, assuming that the market rate of interest for similar bonds was 6%. Note: Use tables, Excel, or a finencial calculator. Enter your enswers in whole dollars and not in millions. (FV of \$1, PV of S1, FVA of \$1. PVA of S1. EVAD of S1 and PVAD of \$11 Step by Step Solution
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