Calculate Market Price of a Bond

question 93

Essay

Calculate market price of a bond.
On January 1, 2014 Lance Co. issued five-year bonds with a face value of $700,000 and a stated interest rate of 12% payable semiannually on July 1 and January 1. The bonds were sold to yield 10%. Present value table factors are: Calculate the issue price of the bonds.

---

Definitions:

Lymph Node

A small, bean-shaped structure that is part of the lymphatic system, which helps the body fight infection and disease.

Cellular Damage

Harm that occurs at the cellular level, potentially leading to malfunction or diseases.

Antigens

Foreign substances or toxins that induce an immune response in the body, especially the production of antibodies.

Diverticulosis

The condition of having diverticula, which are small bulging pouches, in the intestinal wall, that may or may not cause discomfort or other symptoms.