Question: can someone show me how to do this with a finance calculator On July 1, 2021, Masterwear Industries issued $700,000 of 12% bonds, dated July

can someone show me how to do this with a finance calculator

On July 1, 2021, Masterwear Industries issued $700,000 of 12% bonds, dated July 1. Interest of $42,000 is payable semiannually on June 30 and December 31. The bonds mature in three years, on June 30, 2024. United Intergroup, Inc. purchased the entire bond issue on a date when the market interest rate for bonds of similar risk and maturity was 14%.* Calculation of the Price of the Bonds . . . Interest Principal (face amount) Present value (price) of the bonds $ 42,000 x 4.76654** $700,000 x 0.66634 Present Value = $200,19 466,43 $666,63

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