Question: Exercise 9.90 (Algorithmic) (Appendix 9A) Calculating Bondse Price On January 1, 2020. University Theatres sued $525.000 face value of bonds. The stated rate and interest
Exercise 9.90 (Algorithmic) (Appendix 9A) Calculating Bondse Price On January 1, 2020. University Theatres sued $525.000 face value of bonds. The stated rate and interest is paid semiannually on June 30 and December. The bonds mature in 15 years Do not round Interim calculations. If required, round your answers to the nearest whole dolar. Follow the format shown in present value tables as you complete the rourements below Required: a. Assuming the market rate of interest is 6%. calculate at what price the bands are issued b. Assuming the market rates of interest is 10% calculate at what price the bands are issued
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