In: Accounting
(a) What is the present value of $29,400 due 8
periods from now, discounted at 6%? (Round answer to 2
decimal places, e.g. 25.25.)
(b) What is the present value of $29,400 to be
received at the end of each of 12 periods, discounted at 12%?
(Round answer to 2 decimal places, e.g.
25.25.)
------------------
Ivanhoe Company is about to issue $298,700 of 6-year bonds
paying an 11% interest rate, with interest payable semiannually.
The discount rate for such securities is 8%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
How much can Ivanhoe expect to receive for the sale of these bonds?
(Round answer to 0 decimal places, e.g.
2,575.)
Ivanhoe can expect to receive |
$enter a dollar amount to be recieved for the sale of bonds rounded to 0 decimal places |