On January 1, Landan, Inc. issued a 20-year semiannual bond witha face value of $915,000 paying 8%. On the date of issue, themarket rate for similar bonds was 8%.  Landan would liketo know how much this issuance would raise.
The following table is a SCRATCH table and will NOT be graded.You may use it, if you wish, to assist you. Provided you answer theother questions correctly, you could leave it blank and stillreceive full credit.
What is the value of the ordinary annuity factor, AO() that isused in this problem?
What is the value of the discount factor, DF(), that is used inthis problem?
How much does Landan raise from this issue? . You may ignoretransaction costs.
NEED ANSWER IN 20 TIMED QUIZ
