Skysong Inc. issues $2,084,300 of 10% bonds due in 13 years with interest payable at year-end....
Skysong Inc. issues $2,084,300 of 10% bonds due in 13 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 Skysong 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.)
Homework Answers
Formula : Value of bond = Coupon * PVIFA(market rate , n) + Par value * PVIF(market rate, n)
Value of bond = (2084300*10%) * PVIFA(11% , 13) + 2084300 * PVIF(11%, 13)
= 208430 * 6.750 + 2084300 * 0.258 = $1944651.90
Skysong Inc. will receive $1944651.90 on issue of the bonds.
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Skysong Inc. issues $2,084,300 of 10% bonds due in 13 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....
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 &
Ayayai Inc. issues $2,170,400 of 8% bonds due in 12 years with interest payable at year-end....
Ayayai Inc. issues $2,170,400 of 8% bonds due in 12 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 Ayayai 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.)
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
Brief Exercise 6-15 Ayayai Inc. issues $2,011,300 of 10% bonds due in 12 years with interest...
Brief Exercise 6-15 Ayayai Inc. issues $2,011,300 of 10% bonds due in 12 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 Ayayai 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 Ayayai when bonds were issued
Brief Exercise 6-15 Vaughn Inc. issues $2,085,900 of 9% bonds due in 12 years with interest...
Brief Exercise 6-15 Vaughn Inc. issues $2,085,900 of 9% 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 Vaughn 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 Vaughn when bonds were issued
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, s. 458,581.) Amount received by Sandhill when bonds were issued $
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
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 $
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 &
Brief Exercise 6-15 Vaughn Inc. issues $2,085,900 of 9% 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 Vaughn 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 Vaughn when bonds were issued
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, s. 458,581.) Amount received by Sandhill when bonds were issued $
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
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 $
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