Question: Please show how to get the PRESENT VALUE Brief Exercise 14-4 Determining the price of bonds [LO14-2] A company issued 7% , 10- year bonds

Please show how to get the PRESENT VALUE

Brief Exercise 14-4 Determining the price of bonds [LO14-2] A company issued 7% , 10- year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6% Interest is paid semiannually. At what price did the bonds sell? (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tobles provided. Enter your answers in whole dollars.) Table values are based on: 20 n = 25 % Cash Flow Amount Present Value Interest S 2.500,000 Principal 100,000,000 Price of bonds

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