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Accounting Help, Bonds?
Ultimate Butter Popcorn issues 10%, 8-year bonds with a face amount of $44,000. The market interest rate for bonds of similar risk and maturity is 10%. Interest is paid semiannually.
At what price will the bonds issue?
Ultimate Butter Popcorn issues 3%, 6-year bonds with a face amount of $49,000. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually.
At what price will the bonds issue?
Can someone show me the step by step on how to answer these quesitons! Please and Thank You!