Applying Time Value of Money Concepts Complete the missing information in the table below. Assume...
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Accounting
Applying Time Value of Money Concepts
Complete the missing information in the table below. Assume that all bonds pay interest semiannually. Do not use negative signs with answers. Round percentages to one decimal place (ex. 0.0345 = 3.5%). Round all other values to the nearest whole number.?
| Annual | Years to | Coupon | Issue | ||
|---|---|---|---|---|---|
| Yield | Maturity | Rate | Face value | Proceeds | |
| Firm 1 | 8.00% | 15 | 7.00% | $550,000 | $_______ |
| Firm 2 | 3.00% | 10 | 0.00% | $______ | $593,976 |
| Firm 3 | 6.50% | _____ | 5.00% | $500,000 | $449,498 |
| Firm 4 | ____% | 12 | 3.50% | $1,000,000 | $1,070,927 |
| Firm 5 | 0.80% | 20 | 2.00% | $650,000 | $______ |
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