Homework Answers
| a | Face Value of Bonds | $450000 |
| b | Interest Rate(Semi-annual) | 5.50% |
| c | Interest on Bonds(a*b) | 24750 |
| d | No. of payments to maturity(No. of years * 2) | 16 |
| e | Market Rate | 10% |
| f | PV of 10% at 16th year | 0.2176 |
| g | Annuity of 10% for 16 years | 7.8237 |
| h | PV of Principal(a*f) | 97,920 |
| i | PV of Interest(c*g) | 1,93,637 |
| j | Issue price of bond(h+i) | 2,91,557 |
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issue price of the bond. Pharoah Corporation issues $450,000 of 8% bonds, due in 9 years,...
issue price of the bond.
Pharoah Corporation issues $450,000 of 8% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to o decimal places e.g. 58,971.) Issue price of the bonds $
Brief Exercise 14-01 Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest...
Brief Exercise 14-01 Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Issue price of the bonds $
Brief Exercise 14-01 Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest...
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Brief Exercise 14-3 Your answer is incorrect. Try again. Monty Corporation issues $450,000 of 1396 bonds that are due in 9 years and pay interest semi-annually. At the time of issue, the market rate for such bonds is 12%. Click here to view the factor table. Using time value of money tables, a financial calculator, and computer spreadsheet functions, calculate the bonds' issue price. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round...
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issue price of the bond.
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