Solution-What price did the bonds sell

What price did the bonds sell

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Problem 1: A company issued 8%, 20-year bonds with a face amount of $72 million. The market yield for bonds of similar risk and maturity is 9%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Enter your answer in whole dollars.

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What price did the bonds sell

Reference no: EM132775611

Reference no: EM132775611

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