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Viking Destinations issues bonds due in 10 years with a stated interest rate of 5% and a face value of $420,000. Interes
Posted: Sun Jul 03, 2022 1:13 pm
by answerhappygod
- Viking Destinations Issues Bonds Due In 10 Years With A Stated Interest Rate Of 5 And A Face Value Of 420 000 Interes 1 (22.51 KiB) Viewed 13 times
Viking Destinations issues bonds due in 10 years with a stated interest rate of 5% and a face value of $420,000. Interest payments are made semi- annually. The market rate for this type of bond is 4%. Using present value tables, calculate the issue price of the bonds. (FV of $1. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice O $454.337 $420,000. $388.757 $294.243.