1 A company issued 6%, 15-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and m

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1 A Company Issued 6 15 Year Bonds With A Face Amount Of 75 Million The Market Yield For Bonds Of Similar Risk And M 1 (39.14 KiB) Viewed 45 times

A company issued 6%, 15-year bonds with a face amount of $75
million. The market yield for bonds of similar risk and maturity is
6%. Interest is paid semiannually. At what price did the bonds
sell? (FV of $1, PV of $1, FVA of $1, PVA of
$1, FVAD of $1 and PVAD of $1) (Use
appropriate factor(s) from the tables provided. Enter your answers
in whole dollars. Round final answers to nearest whole
dollar.)
1 A company issued 6%, 15-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars. Round final answers to nearest whole dollar.) 10 points Table values are based on: n = 30 eBook ia 3.0% Cash Flow Amount Present Value fo Interest $ 2 $ References 44 Principal 23 Price of bonds $ 67