Check my won A company issued 6 10year bonds with a face amo

Check my won A company issued 6%, 10-year bonds with a face amount of $90 million The market yield for bonds of similar risk and maturity is 7% ally. At ate factor(s) from the tables provided. Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) 10 points Table values are based on: eBook Print References 30% Present Value $ 3,150,111$ 44,769 S 90,000,000 Interest 22,731,300 67,500,360 Principal Price of bonds

Solution

n = 20 i = 3.5% Cash flow Amount Present value Interest 2700000 38373480 Principal 90000000 45231300 Price of bonds 83604780 Interest = 90000000*6%/2 = 2700000