i need the answer with a clear explaination how did you get the answer please...
90.2K
Verified Solution
Link Copied!
Question
Accounting
i need the answer with a clear explaination how did you get the answer please
Stealth Fitness Center issues 7%, 10-year bonds with a face amount of $200,000. The market interest rate for bonds of Similar nsk and maturity is 8%. Interest paid semiannually At what price will the bonds be issued? Use Table 2 and Table 4 (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.) ssue price
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!