On January 1, Bartholomew Corp., which reports its financial results in accordance with IFRS, issued $10,000,000 of 20-year bonds. The bonds pay a coupon of 5% and were issued when the market rate was 5.6%. The coupon payments are made on June 30 and December 31 of every year. What is the price of the bonds at issuance?

Answer rating: 100% (QA)

To calculate the price of the bonds at issuance we can use the present val... View the full answer