briennegraber7529 briennegraber7529

20-12-2022
Business

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on 1/1/2016, abc corporation purchased 200 of the $1,000 face value, 8% coupon, 10-year bonds of def inc. the bonds mature on 1/1/2026, and pay interest annually beginning 1/1/2017. abc corporation purchased the bonds to yield 11%. how much did abc corporation pay for the bonds? (pv of 1 is 0.35218) (fv of 1 is 2.83942) (pv ordinary annuity of 1 is 5.88923) (fv of ordinary annuity of 1 is 16.72201)

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