Business, 02.07.2021 22:00, starr3971

Scottie Adams Bird Supplies issued 15% bonds, dated January 1, with a face amount of $310,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021

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Scottie Adams Bird Supplies issued 15% bonds, dated January 1, with a face amount of $310,000 on Jan...