with complete solution pls Assume General Motors Corporation is planning to issue bonds with...
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with complete solution pls
Assume General Motors Corporation is planning to issue bonds with a face value of $250,000 and a coupon rate of 6 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to a whole dollar.) Determine the issuance price of the bonds assuming an annual market rate of interest of 8 percent. & Answer is complete but not entirely correct. Issue price $ 230,036
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with complete solution pls