Stealth Fitness Center issues 7%,9-year bonds with a face amount of $200,000. The market interest...
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Stealth Fitness Center issues 7%,9-year bonds with a face amount of $200,000. The market interest rate for bonds of similar risk and maturity is 6%. Interest is poid semiannually At what price will the bonds be issued? Use Table 2 and Iable 4. (Round "PV Foctor" to 5 decimal places, Round other intermediate colculations and finol answer to the neorest dollor amount.) TABLE 2 Present Value of $1 PV=11+t31 E 4 Present Value of an Ordinary Annuity of \$1 Din 1=41+1
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