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mauvegnat752Lv1
28 Sep 2019
On December 31, 2018, Interlink Communications issued 6% statedrate bonds with a face amount of $104 million. The bonds mature onDecember 31, 2048. Interest is payable annually on each December31, beginning in 2019. (FV of $1, PV of $1, FVA of $1, PVA of $1,FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from thetables provided.) Determine the price of the bonds on December 31,2018, assuming that the market rate of interest for similar bondswas 7%
Table values are based on: n = 30 i = 7% Cash Flow Amount Present Value Interest Principal Price of bonds
On December 31, 2018, Interlink Communications issued 6% statedrate bonds with a face amount of $104 million. The bonds mature onDecember 31, 2048. Interest is payable annually on each December31, beginning in 2019. (FV of $1, PV of $1, FVA of $1, PVA of $1,FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from thetables provided.) Determine the price of the bonds on December 31,2018, assuming that the market rate of interest for similar bondswas 7%
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Sixta KovacekLv2
28 Sep 2019