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QS 14-20A (Algo) Computing bond price LO C2 Compute the selling price of...

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Accounting

QS 14-20A (Algo) Computing bond price LO C2
Compute the selling price of 6.00%,15-year bonds with a par value of $370,000 and semiannual interest payments. The annual market rate for these bonds is 4.00%. 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. Round your other final answers to nearest whole dollar amount.
\table[[Cash Flow,Table Value,Present Value],[$370,000 par (maturity) value,,],[$11,100 interest payment,,],[Price of Bond,,]]
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