5. On December 31, 2021, Interlink Communications issued 8% stated rate bonds with a face amount of $109 million. The bonds matureon December 31, 2051. Interest is payable annually on each December 31, beginning in 2022. (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.)Determine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 9%. (Roundyour final answers to nearest whole dollar amount.)Table values are based on:n =Cash FlowAmountPresent ValueInterestPrincipalPrice of bonds

n= 30 years i= 9% Cashflow Amount Present value factor@9% Present value Interest…

On December 31, 2021, Interlink Communications issued 8% stated rate bonds with a face amount of $109 million. The bonds mature n December 31, 2051. Interest is payable annually on each December 31, beginning in 2022. (FV of $1, PV of $1. FVA of $1, PVA of $1. VAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) etermine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 9%. (Round our final answers to nearest whole dollar amount.)

On December 31, 2021, Interlink Communications issued 8% stated rate bonds with a face amount of $109 million. The bonds mature n December 31, 2051. Interest is payable annually on each December 31, beginning in 2022. (FV of $1, PV of $1. FVA of $1, PVA of $1. VAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) etermine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 9%. (Round our final answers to nearest whole dollar amount.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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