On September 30,2024, the Techno Corporation issued 8% stated rate bonds with a face amount of $420 million. The bonds mature on September 30, 2044 (20 years). The market rate of interest for similar bonds was 10% interest is paid semiannually on March 31 and September 30. Determine the price of the bonds on September 30, 2024. n = I = Cash Flow Amount Present Value Interest: Principal:

On September 30,2024, the Techno Corporation issued 8% stated rate bonds with a face amount of $420 million. The bonds mature on September 30, 2044 (20 years). The market rate of interest for similar bonds was 10% interest is paid semiannually on March 31 and September 30. Determine the price of the bonds on September 30, 2024. n = I = Cash Flow Amount Present Value Interest: Principal:

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 2PB: Charleston Inc. issued $200,000 bonds with a stated rate of 10%. The bonds had a 10-year maturity...

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