A bond issue had the following details: $1.00

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter11: Notes, Bonds, And Leases
Section: Chapter Questions
Problem 16E
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A bond issue had the following details:
• Face Value - $180,000
• Term - 5 years, interest paid quarterly
• Coupon Rate - 8%
• Market Rate - 12%
What is the price of this bond?
$209,432.58
$153,220.55
$180,000.00
$154,045.61
Transcribed Image Text:A bond issue had the following details: • Face Value - $180,000 • Term - 5 years, interest paid quarterly • Coupon Rate - 8% • Market Rate - 12% What is the price of this bond? $209,432.58 $153,220.55 $180,000.00 $154,045.61
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