At what price did the bonds sell

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Reference no: EM131293670

A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.)

Interest = Amount?

Interest = Present Value?

Principal = Amount?

Principal = Present Value?

Price of Bonds?

Reference no: EM131293670

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