Price of the bond is calculated using the PV function:-
=PV(rate,nper,pmt,pv)
=PV(3%,40,4.5%*100000000,100000000)
=134672158
Where,
rate is rate of interest
nper is number of periods
pmt is periodic payment
pv is present value
Saved Help A company issued 9%, 20-year bonds with a face amount of $100 million. The...
Check my work A company issued 9%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of S1 and PVAD of $1 (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Table values are based on: 3.0% Amount 4,500,000 100,000,000...
A company issued 9%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6% Interest is paid semiannually. At what price did the bonds sell? (EY $1. PV of S1, EVA of S1. PVA of $1. EVAD of S1 and PVADOS (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Answer is complete but not entirely correct. Table values are based on: 40 3.0% Cash...
A company issued 10%, 10-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 4%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Table values are based on: Amount Present Value Cash Flow Interest Principal...
A company issued 9%, 10-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 8%. 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) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Table values are based on: n = Amount Present Value Cash Flow...
A company issued 9%, 15-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6%. 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) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) 5.88 points Table values are based on: Skipped eBook Amount Present Value...
A company issued 10%, 10-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 8% 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) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Table values are based on: Amount Present Value Cash Flow Interest Principal...
help with explantion please Check A com any issued 7%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6% Interest is paid semiannually. At what price did the bonds sell? (FV of S1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Table values are based on: Cash...
A company issued 10%. 20-year bonds with a face amount of $87 million. The market yield for bonds of similar risk and maturity is 10% 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) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) Table values are based...
A company issued 9%, 15-year bonds with a face amount of $52 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) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) 5.88 points eBook Table...
A company issued 6%, 15-year bonds with a face amount of $67 million. The market yield for bonds of similar risk and maturity is 6%. 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) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) Table values are based...