On december 31 2018 university theatres issued 500000 face, Ask an Expert

Finance

On December 31, 2018, University Theatres issued $500,000 face value of bonds. The stated rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in 15 years.

Required:

a. Assuming the market rate of interest is 6%, calculate at what price the bonds are issued.

B. Assuming the market rate of interest is 10%, calculate at what price the bonds are issued.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92325816

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