Your answer is partially correct.\ Swifty Ltd, issued a

$1,184,000,10

-year bond dated January 1,2023 . The bond was sold to yield

12%

effective interest. The bond paid

10%

interest on January 1 and July 1 each year. The company's year-end was December 31, and Swifty followed IFRS. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the amount received for the bond, and any discount or premium on the bond.

Swifty Ltd. issued a $1,184,000,10 year bond dated January 1, 2023. The bond was sold to yield 12% effective interest. The bond paid 10% interest on January 1 and July 1 each year. The company's year-end was December 31, and Swifty followed IFRS. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the amount received for the bond, and any discount or premium on the bond