A company issued 4%, 20-year bonds with a face amount of $84 million. The market yield for bonds of similar risk and maturity is 5%. 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.)

Answer rating: 100% (QA)

note there will be slight difference in issue price calculation kindly use the factors as given ... View the full answer