A company issued 5 20-year bonds with a face amount of 100


1. A company issued 5%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 4%. Interest is paid semiannually. At what price did the bonds sell? 

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Accounting Basics: A company issued 5 20-year bonds with a face amount of 100
Reference No:- TGS01353298

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