I am struggling in finding the issue price for bonds i was hoping i can receive some help.
>>1995298
tree fiddy.
>>1995298
Is this the only information you're given? Also use chegg like a normal college slacker.
>>1995356
no thats just all the information i need to find. but i dont know how all that correlates with the issue price
>>1995620
Hmmm... I wonder if there is a nifty formula that relates issue price to the other variables? That would be a really useful thing to know.
>>1995298
You're solving for the present value. Use your financial calculator.
>fv
24900000
>coupon
622500
>n
30
>I/y
2%
I am not the best with numbers, so do what I did to to pass my accounting/math classes in school. PAY SOMEONE TO DO IT FOR YOU!
It's very easy to find someone who is willing to do all a course's homework/quizzes/tests for around 200-300 dollars.
I have done this 3 different times. I used some guy who was studying to be an accountant in Venezuela or something. He would remote into my computer and then take any quizzes or tests that I had online and he would always get a B or A. Pretty great.
Same goes for the math guy, except he was a college kid studying to become an engineer that lived in America.
It's definitely worth it. Cheating like that got me Dean/President list every year
>>1995638
This, assuming the interest payment amount is annual. Most bonds make semiannual interest payments, but that isn't specified here. The bond will be issued at a premium because the coupon is higher than the market rate.