Homework Answers
| Answer | ||||
| Amount | PV factor 12% | Present value | ||
| Interest | $ 196,000 | 5.65022 | $ 1,107,443 | |
| Principal | $ 2,800,000 | 0.32197 | $ 901,516 | |
| $ 2,008,959 | ||||
| Amount received from sale of bonds = 2,008,959 | ||||
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Sandhill Inc. Issues $2,800,000 of 7% bonds due in 10 years with interest payable at year-end....
Sandhill Inc, Issues $2,800,000 of 7% bonds due in 10 years with interest payable at year-end....
Sandhill Inc, Issues $2,800,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12% Click here to view factor tables What amount will Sandhill receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to decimal places, eg. 458,581.) Amount received by Sandhill when bonds were issued 5
Sandhill Inc. issues $2,800,000 of 7% bonds due in 10 years with interest pavable at year-end....
Sandhill Inc. issues $2,800,000 of 7% bonds due in 10 years with interest pavable at year-end. The current market rate of interest for bonds of similar risk is 12% Click here to view factor tables What amount will Sandhill receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to decimal places, s. 458,581.) Amount received by Sandhill when bonds were issued $
Carla Inc. issues $2,300,000 of 7% bonds due in 12 years with interest payable at year-end....
Carla Inc. issues $2,300,000 of 7% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 10%. Click here to view factor tables What amount will Carla receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, e.g. 458,581.) Amount received by Carla when bonds were issued $enter a dollar amount...
Kingbird, Inc. issues $6,900,000 of 4% bonds due in 12 years with interest payable at year-end....
Kingbird, Inc. issues $6,900,000 of 4% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 6%. Click here to view the factor table. What amount will Kingbird receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, e.g. 458,581.) Amount received by Kingbird when bonds were issued $
6-15 Carla Inc. issues $2,100,000 of 7% bonds due in 14 years with interest payable at...
6-15 Carla Inc. issues $2,100,000 of 7% bonds due in 14 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 9%. Click here to view factor tables What amount will Carla receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, e.g. 458,581.) Amount received by Carla when bonds were issued $enter a dollar...
Brief Exercise 6-15 Marin Inc. issues $4,200,000 of 7% bonds due in 12 years with interest...
Brief Exercise 6-15 Marin Inc. issues $4,200,000 of 7% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. Click here to view factor tables What amount will Marin receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, e.g. 458,581.) Amount received by Marin when bonds were issued $enter...
Narin Inc. issues $1,700,000 of 7% bonds due in 15 years with interest payable at year-end....
Narin Inc. issues $1,700,000 of 7% bonds due in 15 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11%. Click here to view factor tables What amount will Marin receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to decimal places, e.g. 458,581.) Amount received by Marin when bonds were issued $
Grouper Inc. issues $1,900,000 of 7% bonds due in 11 years with interest payable at year-end....
Grouper Inc. issues $1,900,000 of 7% bonds due in 11 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 9%. Click here to view factor tables What amount will Grouper receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Amount received by Grouper when bonds were issued &
Sunland Inc. issues $3,500,000 of 7% bonds due in 15 years with interest payable at year-end....
Sunland Inc. issues $3,500,000 of 7% bonds due in 15 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. Click here to view factor tables What amount will Sunland receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Amount received by Sunland when bonds were issued $enter a dollar amount rounded to 0 decimal places
Question 8 --/1 View Policies Current Attempt in Progress Windsor Inc. issues $2,700,000 of 7% bonds due in 10 years wi...
Question 8 --/1 View Policies Current Attempt in Progress Windsor Inc. issues $2,700,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 8%. Click here to view factor tables What amount will Windsor receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, eg. 458,581.) $ Amount received...
Sandhill Inc, Issues $2,800,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12% Click here to view factor tables What amount will Sandhill receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to decimal places, eg. 458,581.) Amount received by Sandhill when bonds were issued 5
Sandhill Inc. issues $2,800,000 of 7% bonds due in 10 years with interest pavable at year-end. The current market rate of interest for bonds of similar risk is 12% Click here to view factor tables What amount will Sandhill receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to decimal places, s. 458,581.) Amount received by Sandhill when bonds were issued $
Kingbird, Inc. issues $6,900,000 of 4% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 6%. Click here to view the factor table. What amount will Kingbird receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, e.g. 458,581.) Amount received by Kingbird when bonds were issued $
Narin Inc. issues $1,700,000 of 7% bonds due in 15 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11%. Click here to view factor tables What amount will Marin receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to decimal places, e.g. 458,581.) Amount received by Marin when bonds were issued $
Grouper Inc. issues $1,900,000 of 7% bonds due in 11 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 9%. Click here to view factor tables What amount will Grouper receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Amount received by Grouper when bonds were issued &
Question 8 --/1 View Policies Current Attempt in Progress Windsor Inc. issues $2,700,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 8%. Click here to view factor tables What amount will Windsor receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, eg. 458,581.) $ Amount received...
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