hool geld soud women\'s w.hopharts Joo Dscoption Clous ing ahco ooge w.peds Face

Question

hool geld soud women's w.hopharts Joo Dscoption Clous ing ahco ooge w.peds Facebon Ti ed Thet Chae nework Help Save &ExitS; On September 30, 2018, the San Fillpo Corporation issued 8% stated rate bonds with a face amount of $160 million. The bonds mature on September 30, 2038 (20 years). The market rate of interest for similar bonds was 10% interest is paid semenuty on March 31 and September 30 (KFY. of S1. PY of S1. EVA of S1, PVA of S.L. EVAD of S1 and PVYAD of S) (Use appropriate factorfs) from the tables provided.) Required: Determine the price of the bonds on September 30, 2018. (Enter your answers in whole dollars. Round your final answers to nearest whole doillar amount Price of bonds

Explanation / Answer

Table Values are based on n= 40 i= 5% Cash Amount present flow value interest       6,400,000.00                109,818,176 principal 160,000,000.00                  22,728,000 price of bonds                132,546,176

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