5. Compute the price of $86,708,402 received for the bonds by using the Present value at compound interest, and Present value of an annuity. Round your PV values to 5 decimal places and the final answers to the nearest dollar. Your total may vary slightly from the price given due to rounding differences. Present value of the face amount 29,058,178 X Present value of the semi-annual interest payments 57,650,184 X Proceeds of bond issue 86,708,402
5. Compute the price of $86,708,402 received for the bonds by using the Present value at compound interest, and Present value of an annuity. Round your PV values to 5 decimal places and the final answers to the nearest dollar. Your total may vary slightly from the price given due to rounding differences. Present value of the face amount 29,058,178 X Present value of the semi-annual interest payments 57,650,184 X Proceeds of bond issue 86,708,402
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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