Par Value of Bonds = $1,500,000
Annual Coupon Rate = 5.00%
Semiannual Coupon Rate = 2.50%
Semiannual Coupon = 2.50% * $1,500,000
Semiannual Coupon = $37,500
Time to Maturity = 10 years
Semiannual Period = 20
Annual Interest Rate = 5.00%
Semiannual Interest Rate = 2.50%
Issue Price of Bonds = $37,500 * PVA of $1 (2.50%, 20) +
$1,500,000 * PV of $1 (2.50%, 20)
Issue Price of Bonds = $37,500 * 15.5892 + $1,500,000 *
0.6103
Issue Price of Bonds = $1,500,000
How do i calculate the issue price of a bond and complete the amortization? Coney Island...
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The following information applies to the questions displayed below.) Christmas Anytime issues $850,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: Required: 1. The market interest rate is 6% and the bonds issue at face amount. (EV of $1. PV of $1. EVA of S1, and PVA of $1 (Use appropriate...
help Required information [The following information applies to the questions displayed below.] Christmas Anytime issues $850,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1. PV of $1. EVA of $1, and PVA of $1)...
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