ACCT 382 Week 6 Chapter 6 Homework Question 9 There may be chances that the figures given in our question and your question doesn’t matches. Don’t worry, we are here to help you. Just write to us at firstname.lastname@example.org and your answer is with you in no time. Question 9 The San Fillipo Corporation issued 8% stated rate bonds with a face amount of $300 million. The bonds mature on September 30, 2033 (20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30. (FV of $1, PV of $1, FVA of $1,PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Determine the price of the bonds on September 30, 2013. (Enter your answers in whole dollars.) Table values are based on: n = 40 i = 5% Cash Flow Amount Present Value Interest +/-0.001%$205,909,080 Principal +/-0.3%42,615,000 Price of bonds +/-0.3%
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