Brief Exercise 14-1 Bond interest [L014-1] Holiday Brands issued $30 million of 6%, 30-year bonds for $27.5 million, what is the amount of interest that Holiday will pay semiannually to bondholders? (Enter your answers in whole dollars.) Annual Rate (%) Fraction of Year Cash Interest Paid Face Amount x
Brief Exercise 14-4 Determining the price of bonds [LO14-2] A company issued 5%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 4%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1, Î¡Î½ of $1, FVA of$1, P A of $1, FI AD of Sl and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Table values are based on: Cash Flow Interest Fnur.ilal Amount Present Value Price of bonds
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