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Hi,
I’d like to ask:
The extracts from the forecast financial position for Morada say:
Non-current Liabilities (6.2% redeemable bonds) is 120M.The question also says:
The bonds are redeemable in four years’ time at face value.My questions:
how do I know the 120M of NCL on the forecast F/S is stated at FACE VALUE so that Coupon rate is $6.2 per $100?Thanks
I will answer you, but in future you must ask in the Ask the Tutor Forum if you want me to answer – this forum is for students to help each other.
Face value means the same as nominal (or par) value, and this is what appears on the SOFP.
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