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Exercise Algo Calculate the issue price of bonds LO
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On January Ocean World issues $ million of bonds, due in years, with interest payable semiannually on June and December each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride.
Exercise Algo Part
a If the market rate is calculate the issue price. FV of $ PV of $ FVA of $ and PVA of $
b Will the bonds issue at face amount, a discount, or a premium?
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Req
Req b
