Issue price of bonds = Present value of interest+Present value of maturity
= (200000*2.5%*10.57534)+(200000*0.78849)
Issue price of bonds = 210575
Stealth Fitness Center issues 5%, 6-year bonds with a face amount of $200,000. The market interest...
Stealth Fitness Center issues 5%, 6-year bonds with a face amount of $300,000. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price will the bonds be issued? Use Table 2 and Table 4. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.)
Stealth Fitness Center issues 9%, 7-year bonds with a face amount of $100,000. The market interest rate for bonds of similar risk and maturity is 10%. Interest is paid semiannually. At what price will the bonds be issued? Use Table 2 and Table 4. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.) Issue price
help 8 and 9 0 Seved Stealth Fitness Center issues 7%, 9-year bonds with a face amount of $200,000. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price will the bonds be issued? Use Table 2 and Table 4. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.) issue price
Stealth Fitness Center issues 9%, 10-year bonds with a face amount of $100,000. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually. At what price will the bonds be issued?
Ultimate Butter Popcorn issues 5%, 15-year bonds with a face amount of $40,000. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually. At what price will the bonds issue? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round"Market interest rate" to 1 decimal place.) Bond Characteristics Face amount Amount | $ 40,000 $ 2,000...
Ultimate Butter Popcorn issues 6%, 10-year bonds with a face amount of $45,000. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually. At what price will the bonds issue? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round "Market interest rate" to 1 decimal place.) Answer is complete but not entirely correct. Bond Characteristics...
Ultimate Butter Popcorn issues 6%, 15-year bonds with a face amount of $53,000. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually. At what price will the bonds issue?
Ultimate Butter Popcorn issues 6%, 20-year bonds with a face amount of $53,000. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price will the bonds issue? (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round Interest rate factors. Round"Market Interest rate" to 1 decimal place.) Bond Characteristics Amount 53,000 Face amount Interest payment Market interest...
Ultimate Butter Popcorn Issues 6 % , 20-year bands witha face amount of $48,000. The market Interest rate for bonds of similar risk and maturity is 6 % Interest le paid semiannually At what price will the bonds issue? (V of $1, PV of $1, FVA of $1, and PVA of $1 (Use appropriate factor(s) from the tables provided. Do not round Interest rate factors. Round Market Interest rete" to 1 decimal place.) Amount 48,000 Bond Charsotaricioc Face amourt intorest...
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...