A company issued 9 15-year bonds with a face amount of 70


A company issued 9%, 15-year bonds with a face amount of $70 million. The market yield for bonds of similar risk and maturity is 9%. Interest is paid semi annually. At what price did the bonds sell?

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Financial Accounting: A company issued 9 15-year bonds with a face amount of 70
Reference No:- TGS01075579

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