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Accountıng Iı Deneme Sınavı Sorusu #1042256
Accountıng Iı Deneme Sınavı Sorusu #1042256
On January 2, 2019 Anadolu Co. issued bonds for 100,000 TL due in 5 years with 8 percent interest payable semiannually. At the time of issue market rate for such bonds is 6 percent. The principal amount borrowed will be paid back once at maturity. Calculate the present value (selling price) of the bonds.
104,890 TL |
108,530 TL |
115,563 TL |
117,472 TL |
120,563 TL |
Yanıt Açıklaması:
Present Value of the Principal
100,000 TL x 0.74726 (Appendix A, Table 1, n: 10, i:3%) 74,409 TL
Present Value of the Interest Payments
4,000 TL x 8.53020 (Appendix A, Table 2, n: 10, i: 3%) 34,121 TL
Present value (selling price) of the bonds 108,530 TL
The correct answer is B.
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