Question: QS 10-19A (Algo) Computing bond price C2 Compute the selling price of 10%, 10-year bonds with a par value of $380,000 and semiannual interest

QS 10-19A (Algo) Computing bond price C2 Compute the selling price of 10%, 10-year bonds with a par value of $380,000 and semiannual interest payments. The annual market rate for these bonds is 12%. Use present value Table B.1 and Table B.3 in Appendix B. Note: Round all table values to 4 decimal places, and use the rounded table values in calculations. Cash Flow $380,000 par (maturity) value $19,000 interest payment Price of Bond Table Value Present Value

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