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What is the market value of 10 percent bonds

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Reference no: EM13497355

What is the market value of 10% bonds sold on bond issue date; 10 yr life; interest payable semiannually; effective rate,12% ?

What formulas do I use ? PV = FV x IF with my present value of a single payment table in my book ?

PV = SA x IF with the present value of an ordinary annuity table in my book?

I forget what SA & IF stand for; and since the interest is semiannually do I split the rate & years ?

Reference no: EM13497355

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