Question: Exercise 5 - 2 1 ( Static ) Price of a bond [ LO 5 - 9 , 5 - 1 0 ] On September
Exercise Static Price of a bond LO On September the Techno Corporation issued stated rate bonds with a face amount of $ million. The bonds mature on September years The market rate of interest for similar bonds was Interest is paid semiannually on March and September Required: Determine the price of the bonds on September Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount, not in millions. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
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