Question: please help & show work Brief Exercise 14-2 (Algo) Determining the price of bonds (L014-2] A company issued 7%, 10 year bonds with a face
Brief Exercise 14-2 (Algo) Determining the price of bonds (L014-2] A company issued 7%, 10 year bonds with a face amount of $84 million. The market yleld for bonds of similar risk and maturity is 8% Interest is paid semiannually. At what price did the bonds sell? (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Enter your answer in whole dollars.) Price of bonds
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