What is the face value of the bonds

Reference no: EM133611078

Question: Sandhill Power Ltd. issues bonds and receives proceeds of $59,481,000. The bonds mature in 13 years and carry a 9.6% interest rate paid semi-annually. The bonds were issued at a price of 132.18 to yield 6%. what is the face value of the bonds?

Reference no: EM133611078

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