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:
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...
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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 = | ||
|
Amount | Present Value |
Interest: | ||
Principal: | ||
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