Seaside issues a bond with a stated interest rate of 10%, face value of $50,000, and due in 5 years. interest payments are made semi-annually. the market rate for this type of bond is 12%. what is the issue price of the bond?

Given:
Face value : $50,000
state rate : 10%
term : 5 years, semi-annual
market rate : 12%

Coupon payments:
50,000 * 10% = 5,000 annual
5,000 / 2 = 2,500 semi - annual

Bond price = Value = (Present value of coupons) + (Present value of face) 

Value = (2500/0.06) [ 1- (1.06)⁻¹⁰) ] + (50000 / 1.06¹⁰ )= $46, 320 

The academic affairs council is the highest expert body processing academic affairs, as stipulated by the university statutes. specialist aaro häkkinen (educational policy) took part in the council’s meeting. the agenda of the meeting included bachelors’ feedback, the timing of pedagogical studies, the grant system for tuition fees, the standardisation of administrative practices for internships and the situation of foreign-language and multilingual master’s programmes.