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March 27, 2015

Homework Help: Accounting question..

Posted by Walter on Tuesday, November 27, 2007 at 8:05pm.

Having trouble figuring out how to do this problem for my accounting homework.. any help would be greatly appreciated..the information given goes as follows..

On 1/1/08 you issue $400,000 of 7%, 10 year bonds that pay intrest semiannually. The Market intrest rate is 8%

The problem says:

What is the present value of the bonds at issuance? (how much will you recieve from the buyers of the bonds?)

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