Question: power tap is planning to issue bonds with a face value of $ 1 , 9 0 0 , 0 0 0 and a coupon
power tap is planning to issue bonds with a face value of $ and a coupon rate of percent. The bonds mature in years and pay interest semiannually every June and December All of the bonds were sold on Jamuary of this past year. PowerTap uses the effectiveinterest amoritization method. Assume an annual market rate of interest of percent. What is the book value of the bonds on June and December of this year?
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