Question: Please show work and how to get the Present Value. Thanks Brief Exercise 14-2 Determining the price of bonds [LO14-2] A company issued 8 %,
Brief Exercise 14-2 Determining the price of bonds [LO14-2] A company issued 8 %, 10- year bonds with aa face amount of $79 million. The market yield for bonds of similar risk and maturity is 9 % 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 $) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) Table values are based on: 20 n = 4.5% Amount Cash Flow Present Value Interest 3,555.000 Principal 79,000,000 Price of bonds
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