Question: Midterm Part 2 - Problems Seved Help 4 Garcia Company issues 9.00%, 15-year bonds with a par value of $380,000 and semiannual interest payments. On
Midterm Part 2 - Problems Seved Help 4 Garcia Company issues 9.00%, 15-year bonds with a par value of $380,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which impilles a selling price of 129 3/8. Confirm that the bonds' selling price is approximately correct. Une present value Table B1 and Table 1.3 in Appendix (Round all table values to 4 decimal places, and use the rounded table values in calculation. Round your other final answers to nearest whole dollar amount) 3014430 Selling Price $ 401644 Present Value Par Value Price 5 M10,000 120 Cash Flow Table Value $360,000 parimaturity value 024120 $17.100 interest payment 10.6004 Price of Bond Difference due to rounding of table values $ 409,564 Midterm Part 2 - Problems Seved Help 4 Garcia Company issues 9.00%, 15-year bonds with a par value of $380,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which impilles a selling price of 129 3/8. Confirm that the bonds' selling price is approximately correct. Une present value Table B1 and Table 1.3 in Appendix (Round all table values to 4 decimal places, and use the rounded table values in calculation. Round your other final answers to nearest whole dollar amount) 3014430 Selling Price $ 401644 Present Value Par Value Price 5 M10,000 120 Cash Flow Table Value $360,000 parimaturity value 024120 $17.100 interest payment 10.6004 Price of Bond Difference due to rounding of table values $ 409,564
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