Question: Looking for some help with bonds. Not looking for the answer just an example of how to get the present value of principle, present value
Looking for some help with bonds. Not looking for the answer just an example of how to get the present value of principle, present value of interest and selling point... will attach below so you understand what im trying to do.
On jan 1, Canglon, Inc. issues 10% , 5-year bonds with a face value of 150000$ when the effectivge rate is 12%. Interest is to be paid semiannually.
Prepare calculations to prove that the selling price of the bonds is 138959.00$
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