Homework Answers
Face Value of Bonds = $2,730,000
Annual Coupon Rate = 10%
Semiannual Coupon Rate = 5%
Semiannual Coupon = 5% * $2,730,000
Semiannual Coupon = $136,500
Time to Maturity = 7 years
Semiannual Period = 14
Annual Interest Rate = 12%
Semiannual Interest Rate = 6%
Proceed from Issuance for the Bonds = Present Value of Face
Amount + Present Value of Semiannual Interest Payments
Proceed from Issuance for the Bonds = $136,500 * PVA of $1 (6%, 14)
+ $2,730,000 * PV of $1 (6%, 14)
Proceed from Issuance for the Bonds = $136,500 * 9.29498 +
$2,730,000 * 0.44230
Proceed from Issuance for the Bonds = $2,476,244
Cash proceeds from issuance of the bonds is $2,476,244
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i am missing a few parts in each chart and unsure how to find
them. thank you for your help!
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