Question: Please help, explain & show your work theough the whole problem. Brief Exercise 14-4 (Algo) Determining the price of bonds (L014-2) A company issued 8%,

Please help, explain & show your work theough the whole problem.

Brief Exercise 14-4 (Algo) Determining the price of bonds (L014-2) A company issued 8%, 10 year bonds with a face amount of $100 million. The market yleld for bonds of similar risk and maturity is 6% Interest is paid semiannually. At what price did the bonds sell? (EV of $1, PV of $1. EVA OLS1 PVA $1. FVAD of S1 and PVAD OF $1) (Enter your answers in whole dollars.) Pice of bords

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