Question: Knowledge Check A bond issue of 4 % , 6 - year bonds with a face value of $ 3 7 , 5 0 0

Knowledge Check
A bond issue of 4%,6-year bonds with a face value of $37,500 with interest payable annually on January 1. Market interest rate is 6%. What is the present value of the bonds? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answers to 0 decimal places (e.g.,5,275).)
Click here to view the factor table.
Present value of interest payments
$
Present value of principal
$
Present value of the bonds
$
Knowledge Check A bond issue of 4%,6-year bonds with a face

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