Determining the price of bonds, Financial Accounting

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Determining the price of bonds

Response to the following problem:

A company issued 6%, 15-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell?

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Financial Accounting: Determining the price of bonds

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Financial Accounting: Determining the price of bonds

Reference No:- TGS02094072

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