Question: On December 31, 2021, Interlink Communications issued 4 % stated rate bonds with a face amount ofl$116 million The bonds mature on December 31, 2051.

On December 31, 2021, Interlink Communications issued 4 % stated rate bonds with a face amount ofl$116 million The bonds mature on December 31, 2051. Interest is payable annually on each December 31, beginning in 2022 (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate foctor(s) from the tables provided.) Determine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 5%. (Round your final answers to nearest whole dollar amount.) Answer is not complete. Table values are based on: 30 n i 5% Cash Flow Amount Present Value Interest 4,640,000 71,328,168 Principal 116,000,000 Price of bonds

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