Question: TB MC Qu . 1 4 - 2 6 ( Static ) Scottie Adams Bird Supplies issued... Scottie Adams Bird Supplies issued 1 0

TB MC Qu.14-26(Static) Scottie Adams Bird Supplies issued...
Scottie Adams Bird Supplies issued 10\% bonds, dated January 1, with a face amount of \$240,000 on January 1,2024. The bonds mature in 2033(10 years). For bonds of similar risk and maturity the market yield is 12\%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds on January 1,2024? Some relevant and irrelevant present value factors:
* PV of annuity due of \(\$ 1: n=20 ; i=6\%\) is 12.15812
* PV of ordinary annuity of \(\$ 1: n=20 ; i=6\%\) is 11.46992
**PV of \$1: \( n=20 ; i=6\%\) is 0.31180
TB MC Qu . 1 4 - 2 6 ( Static ) Scottie Adams

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