Aliant corporation sold 100000000 face value 6 bonds the

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Aliant Corporation sold $100,000,000 face value 6% bonds. The bonds mature in 20 years and pay interest semiannually. The going market rate of interest on bonds of similar risk is 8%. How much will Aliant receive upon the sale of the bonds?

a. Explain why your answer in part d passes the reasonableness test.

b. How much must be invested on January 1, 2011 to receive $40,000 for ten years if the first payment is to be taken on January 1, 2026? Assume an annual interest rate.

Reference no: EM13608949

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