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QS 14-5A Computing bond price LO C2 Garcia Company issues 12.00%, 15-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.00%, which implies a selling price of 115 1/3. Confirm that the bonds' selling price is approximately correct. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations....
i need help an a expaination how to work ot out ? QS 14-5A Computing bond price LO C2 Garcia Company issues 7.00%, 15-year bonds with a par value of $350.000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 109 7/9. Confirm that the bonds' selling price is approximately correct. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values...