A company issued 10 10-year bonds with a face amount of 100, Financial Management

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A company issued 10 10-year bonds with a face amount of 100

A company issued 10%, 10-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 8%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)

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Financial Management: A company issued 10 10-year bonds with a face amount of 100

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Financial Management: A company issued 10 10-year bonds with a face amount of 100

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