QUESTION 6 Xtel company issued bond with face value is $90,000, the stated rate is...
70.2K
Verified Solution
Link Copied!
Question
Accounting
QUESTION 6 Xtel company issued bond with face value is $90,000, the stated rate is 10%, and the term of the bond is 8 years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. What is the present value of the bond (or Bond price) at the issue date? (Do NOT use or comma or any special symbol. Only give a number as your answer}(Round to the nearest dollar)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
