Question: Current Attempt in Progress Splish Brothers Ltd. is about to issue $920,000 of 10 year bonds that pay a 7% annual interest rate, with interest


Current Attempt in Progress Splish Brothers Ltd. is about to issue $920,000 of 10 year bonds that pay a 7% annual interest rate, with interest payable semi- annually. The market interest rate is 8%. Assuming all bonds are issued, how much can Splish Brothers expect to receive for the sale of these bonds? Of the variables listed, choose the variable being calculated? Future value Number of periods the table that follows. (Round rate to 1 decimal place, es 7.2%) Amount of annuity payment Present value Financial Calculator or Tables Interestrate Excel Fill in the remaining variables in the table that follows. (Round rate to 1 decimal place, .g. 7.2%) Variable Present value Financial Calculator or Tables Excel PV PV Future value FV FV $ Interest rate 1 Rate %6 Amount of annuity payment PMT PMT S Number of periods N Nper Calculate the amount Splish Brothers will receive when the bonds are issued. (For calculation purposes, use 5 decimal places of displayed in the factor table provided and round final answer to 2 decimal places, s. 5,275.26) To calculate, use 1. 2 3 PVA and PV.A4 tables A financial calculator, or Excel function PV Splish Brothers expects to receive
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