A $25,000, 67% bond redeemable al par is purchased 9 years before matunity to yield 5.3% compounded sem-annually the bond interest is payable sems annually, what is the purchase price of the bond? The purchase price of the bond is $33060 13 (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
A $25,000, 67% bond redeemable al par is purchased 9 years before matunity to yield 5.3% compounded sem-annually the bond interest is payable sems annually, what is the purchase price of the bond? The purchase price of the bond is $33060 13 (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 2PB: Charleston Inc. issued $200,000 bonds with a stated rate of 10%. The bonds had a 10-year maturity...
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![A $25,000, 67% bond redeemable at par is purchased 9 years before matunity to yield 5 3% compounded sem-annually if the bond interest is payable semi-annually, what is the purchase pece of the bond?
The purchase price of the bond is $33060 13
(Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F472621be-5969-4a54-b52e-f83201e6e65c%2Fbb588e80-7b72-4c2b-87e9-bec0aed52292%2Fdmpodzp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A $25,000, 67% bond redeemable at par is purchased 9 years before matunity to yield 5 3% compounded sem-annually if the bond interest is payable semi-annually, what is the purchase pece of the bond?
The purchase price of the bond is $33060 13
(Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)
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