Question: # 6 . On January 1 , 2 0 2 2 , McDonalds Corp. issued a bond that has a stated interest rate of 1

#6. On January 1,2022, McDonalds Corp. issued a bond that has a stated interest rate of 10%, face amount of $50,000, and is due in 5 years. Interest payments are made semi-annually. The market rate fo this type of bond is 12%.
What is the issue price of the bond? (Use the appropriate PV factors from the tables at the end of the textbook and show any calculations that you make.)
# 6 . On January 1 , 2 0 2 2 , McDonalds Corp.

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