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QS 14-19A (Algo) Computing bond price C2 Compute the selling price of 8%,10-year...

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Accounting

QS 14-19A (Algo) Computing bond price C2
Compute the selling price of 8%,10-year bonds with a par value of $340,000 and semlannual interest payments. The annual market rate for these bonds is 10%. Use present value Table B.1 and Table B.3 in Appendix B.
Note: Round all table values to 4 decimal places, and use the rounded table values in calculations.
\table[[Cash Flow,Table Value,Present Value],[$340,000 par (maturity) value,,],[$13,600 interest payment,,],[Price of Bond,,]]
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