On september 30, 2018, the san fillipo corporation issued 8% stated rate bonds with a face amount of $340 million. the bonds mature on september 30, 2038 (20 years). the market rate of interest for similar bonds was 10%. interest is paid semiannually on march 31 and september 30.
required:
determine the price of the bonds on september 30, 2018. (enter your answers in whole dollars. round your final answers to nearest whole dollar amount.)
Answers: 1
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