Business, 21.03.2020 10:04 FailingstudentXD

Southampton Inc. issued 8% bonds with a face amount of $100 million on January 1, 2018. The bonds mature on December 31, 2032 (15 years). The market rate is 10%. Interest is paid semi-annually on June 30 and December 31. What is the present value of the bonds on January 1, 2018 (rounded to the nearest thousand)?

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Southampton Inc. issued 8% bonds with a face amount of $100 million on January 1, 2018. The bonds ma...

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