A company issued 8%,10-year bonds with a face amount of $79 million. The market yleld...
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A company issued 8%,10-year bonds with a face amount of $79 million. The market yleld for bonds of similar risk and maturity is 9%. Interest is paid semlannually. At what price did the bonds sell? Note: Do not round Intermedlate calculations and round you flnal answer to nearest whole dollar. Use tables, Excel, or a flnanclal calculator. (FV of \$1. PV of \$1. FVA of \$1. PVA of \$1. FVAD of $1 and PVAD of \$1)
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