Calculate the issuance price


On January 1, 20D, A Company issued $5 million of 10-year bonds at a 10% stated interest rate to be paid semiannually. The following present value factors have been provided to answer the subsequent questions: Time Period Intrest PV of $ PV of an Annuity 10 10% .386 6.145 10 8% .463 6.710 10 12% .322 5.650 20 5% .377 12.462 20 4% .456 13.590 20 6% .312 11.470 Calculate the issuance price if the market rate of interest is 12%.

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Finance Basics: Calculate the issuance price
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