A company issued 7%, 20-year bonds with a face amount
A company issued 7%, 20-year bonds with a face amount of
$60 million. The market yield for bonds of similar risk and maturity is 7%. 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) Not sure how to figure this type of question
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