On December 31, 2021, Interlink Communications issued 5% stated rate bonds with a face amount...
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On December 31, 2021, Interlink Communications issued 5% stated rate bonds with a face amount of $106 million. The bonds mature on December 31, 2051. Interest is payable annually on each December 31, beginning in 2022. (V of $1. P of $1. EVA of S1, PVA of $1. EVAD of $1 and PVADS (Use appropriate factor(s) from the tables provided.) Determine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 6%. (Round your final answers to nearest whole dollar amount.) Answer is complete but not entirely correct. 30 0% 5 S Principal Price of bonds 5.300.000 100,000,000 72,020,000 18.455.000 01.383.000 $
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