The issue price is calculated using the PV function:-
=PV(rate,nper,pmt,fv)
=PV(5%/2,10*2,6%/2*210000,210000)
=226,369
Sand Explorers issues bonds due in 10 years with a stated interest rate of 6% and a face value of $210,000. Interest pa...
Sand Explorers issues bonds due in 10 years with a stated interest rate of 7% and a face value of $220,000. Interest payments are made semi-annually. The market rate for this type of bond is 6%. Using present value tables, calculate the issue price of the bonds. (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.)
Sand Explorers issues bonds due in 10 years with a stated interest rate of 8% and a face value of $150,000. Interest payments are made semi-annually. The market rate for this type of bond is 7%. Using present value tables, calculate the issue price of the bonds. (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.) Multiple Choice $118,394. $160,660. $185,076. $150,000.
Sand Explorers issues bonds due in 10 years with a stated interest rate of 7% and a face value of $220,000. Interest payments are made semi-annually. The market rate for this type of bond is 6%. Using present value tables, calculate the issue price of the bonds. (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.) Multiple Choice $220,000. $236,367. $179,520. $273,960.
20- Sand Explorers issues bonds due in 10 years with a stated interest rate of 7% and a face value of $180,000. Interest payments are made semi-annually. The market rate for this type of bond is 6%. Using present value tables, calculate the issue price of the bonds. (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.) $146,880. $193,390. $180,000. $224,149.
Sand Explorers issues bonds due in 12 years with a stated interest rate of 9% and a face value of $280,000. Interest payments are made semi-annually. The market rate for this type of bond is 8%. Using present value tables, calculate the issue price of the bonds. (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.) Multiple Choice $206,146. $301,346. $351,129. $280,000.
Sand Explorers issues bonds due in 15 years with a stated interest rate of 9% and a face value of $320,000. Interest payments are made semi-annually. The market rate for this type of bond is 8%. Using present value tables, calculate the issue price of the bonds. (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.) Multiple Choice $414,082. $320,000. O o oo...
Mind Explorers issues bonds with a stated interest rate of 8%, face value of $180,000, and due in 10 years. Interest payments are made semi- annually. The market rate for this type of bond is 7%. Using present value tables, calculate the issue price of the bonds. (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.) Multiple Choice $192,792. $180,000 oooo $146,426. $167,769.
20- Mind Explorers issues bonds with a stated interest rate of 8%, face value of $190,000, and due in 10 years. Interest payments are made semi-annually. The market rate for this type of bond is 7%. Using present value tables, calculate the issue price of the bonds. (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.) Multiple Choice $190,000. $154,560. $203,502. $177,090.
Mind Explorers issues bonds with a stated interest rate of 9%, face value of $190,000, and due in 10 years. Interest payments are made semi- annually. The market rate for this type of bond is 8%. Using present value tables, calculate the issue price of the bonds. (EV of $1. PV of St. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) $202,911. $154,111. $190,000 $177,090
Sand Explorers issues bonds due in 10 years with a stated interest rate of 9% and a face value of $160,000. Interest payments are made sem annually. The market rate for this type of bond is 8%. Using present value tables, calculate the issue price of the bonds. V of $1. PV of St. EVA of 51. PVA of $1. EVAD of 51 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $195,706. $170,872. ОО $160,000....