Business, 21.08.2019 20:30 aprilstalder

The face value of a bond is $ 74,000, its stated rate is 7%, and the term of the bond is five years. the bond pays interest semiannually. at the time of issue, the market rate is 8%. determine the present value of the bonds at issuance.

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The face value of a bond is $ 74,000, its stated rate is 7%, and the term of the bond is five years....