Bond face value = $461,000
Stated rate = 8%
Interest paid semi annually = $461,000 * 8% *6/12 = $18,440
tenure of bond (in years) = 15
tenure of bond (in periods) = 30
a) Market rate of interest = 6%
Market rate of interest = 6%/ 2 = 3% per period
Bond issue price = Face value* PV + Interest amount * PVA
Bond issue price = 461,000 * PV(3%,30) + 18,440 * PVA(3%,30)
Bond issue price = (461,000 * 0.41199) + (18,440 * 19.60044)
Bond issue price = $551,359.50
Bond issue price = $551,360
a) Market rate of interest = 10%
Market rate of interest = 10%/ 2 = 5% per period
Bond issue price = Face value* PV + Interest amount * PVA
Bond issue price = 461,000 * PV(5%,30) + 18,440 * PVA(5%,30)
Bond issue price = (461,000 * 0.23138) + (18,440 * 15.37245)
Bond issue price = $390,134.158
Bond issue price = $390,134
Exercise 9-90 (Algorithmic) (Appendix 9A) Calculating Bond Issue Price On January 1, 2020, University Theatres issued...
Exercise 9-90 (Appendix 9A) Calculating Bond Issue Price On January 1, 2020, University Theatres issued $500,000 face value of bonds. The stated rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in 15 years. If required, round your answers to the nearest whole dollar. Follow the format shown in present value tables as you complete the requirements below. Required: a. Assuming the market rate of interest is 6%, calculate at what price...
Game Point_Differential Assists Rebounds Turnovers Personal_Fouls 1 15 15 38 11 9 2 36 20 43 8 13 3 16 21 29 7 13 4 45 22 46 11 11 5 12 11 40 7 22 6 -10 10 31 13 26 7 11 19 45 11 7 8 12 16 32 16 14 9 3 16 27 18 15 10 19 9 34 17 17 11 40 16 41 9 17 12 44 12 29 9 22 13 16 ...
Please write in the answer clear. Will leave like if its correct . Age Gen Sibs Work Exercise Units Mom 18 M 1 20 10 15 6 17 F 3 0 7 15 14 23 M 3 20 5 13 8 20 M 2 0 5 15 16 18 F 4 22 6 16 9 20 F 2 11 7 20 20 34 F 1 48 10 10 18 22 F 3 37 13 13 18 19 M 3 0...
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Please write answers clear. I will leave like if its correct. Age Gen Sibs Work Exercise Units Mom 18 M 1 20 10 15 6 17 F 3 0 7 15 14 23 M 3 20 5 13 8 20 M 2 0 5 15 16 18 F 4 22 6 16 9 20 F 2 11 7 20 20 34 F 1 48 10 10 18 22 F 3 37 13 13 18 19 M 3 0 18 14...
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Please write answers clear. Will leave like if its correct. Age Gen Sibs Work Exercise Units Mom 18 M 1 20 10 15 6 17 F 3 0 7 15 14 23 M 3 20 5 13 8 20 M 2 0 5 15 16 18 F 4 22 6 16 9 20 F 2 11 7 20 20 34 F 1 48 10 10 18 22 F 3 37 13 13 18 19 M 3 0 18 14 18...
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