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Exercise 14-31 Reporting bonds at fair value; calculate fair value [LO14-6] 1.53 points On January 1,...
only need help wirh part 1. need to find the present value of the bonds 14...
only need help wirh part 1. need to find the present value of
the bonds
14 HW 0 Saved Help 4 On January 1, 2018, Essence Communications issued $810,000 of its 10-year, 8% bonds for $709,056. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31. Essence Communications records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2018, the market interest...
Exercise 14-29 (Algo) Reporting bonds at fair value [LO14-6] Federal Semiconductors issued 12% bonds, dated January...
Exercise 14-29 (Algo) Reporting bonds at fair value [LO14-6] Federal Semiconductors issued 12% bonds, dated January 1, with a face amount of $790 million on January 1, 2021. The bonds sold for $734.125,169 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 13%. Interest is paid semiannually on June 30 and December 31. Federal determines interest at the effective rate. Federal elected the option to report these bonds at their...
On January 1, 2021, Essence Communications issued $720,000 of its 10-year, 8% bonds for $630,272. The...
On January 1, 2021, Essence Communications issued $720,000 of its 10-year, 8% bonds for $630,272. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31. Essence Communications records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2021, the market interest rate for bonds of similar risk and maturity was 9%. The bonds are not traded on an active exchange. The decrease...
On January 1, 2021, Essence Communications issued $720,000 of its 10-year, 8% bonds for $630,272. The...
On January 1, 2021, Essence Communications issued $720,000 of its 10-year, 8% bonds for $630,272. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31. Essence Communications records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2021, the market interest rate for bonds of similar risk and maturity was 9%. The bonds are not traded on an active exchange. The decrease...
On January 1, 2021, Essence Communications issued $600,000 of its 10-year, 10% bonds for $531,180. The...
On January 1, 2021, Essence Communications issued $600,000 of its 10-year, 10% bonds for $531,180. The bonds were priced to yield 12%. Interest is payable semiannually on June 30 and December 31. Essence Communications records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2021, the market interest rate for bonds of similar risk and maturity was 11%. The bonds are not traded on an active exchange. The decrease...
On January 1, 2018, whittington Stoves issued $750 million of its 6% bonds for $686 million....
On January 1, 2018, whittington Stoves issued $750 million of its 6% bonds for $686 million. The bonds were priced to yield 8%. Interest is payable semiannually on June 30 and December 31. Whittington records interest at the effective rate and elected the option to report these bonds at their fair value. One million dollars of the increase in fair value was due to a change in the general (risk-free) rate of interest. On December 31, 2018, the fair value...
On January 1, 2018, Rapid Airlines issued $205 million of its 6 % bonds for $188...
On January 1, 2018, Rapid Airlines issued $205 million of its 6 % bonds for $188 million. The bonds were priced to yield 8%. Interest is payable semiannually on June 30 and December 31. Rapid Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2018, the fair value of the bonds was $194 million as determined by their market value in the over-the-counter market. Rapid determined that...
Only need #3 On January 1, 2018, Rapid Airlines issued $205 million of its 6% bonds for $188 million. The bonds wer...
Only need #3
On January 1, 2018, Rapid Airlines issued $205 million of its 6% bonds for $188 million. The bonds were priced to yield 8%. Interest is payable semiannually on June 30 and December 31. Rapid Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2018, the fair value of the bonds was $194 million as determined by their market value in the over-the-counter market. Rapid...
Only need #3 On January 1, 2018, Rapid Airlines issued $205 million of its 6% bonds for $188 million. The bonds wer...
Only need #3
On January 1, 2018, Rapid Airlines issued $205 million of its 6% bonds for $188 million. The bonds were priced to yield 8%. Interest is payable semiannually on June 30 and December 31. Rapid Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2018, the fair value of the bonds was $194 million as determined by their market value in the over-the-counter market. Rapid...
On January 1, 2018, Rapid Airlines issued $255 million of its 8% bonds for $235 million....
On January 1, 2018, Rapid Airlines issued $255 million of its 8% bonds for $235 million. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31. Rapid Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2018, the fair value of the bonds was $244 million as determined by their market value in the over-the-counter market. Rapid determined that $1,000,000...
only need help wirh part 1. need to find the present value of
the bonds
14 HW 0 Saved Help 4 On January 1, 2018, Essence Communications issued $810,000 of its 10-year, 8% bonds for $709,056. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31. Essence Communications records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2018, the market interest...
Exercise 14-29 (Algo) Reporting bonds at fair value [LO14-6] Federal Semiconductors issued 12% bonds, dated January 1, with a face amount of $790 million on January 1, 2021. The bonds sold for $734.125,169 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 13%. Interest is paid semiannually on June 30 and December 31. Federal determines interest at the effective rate. Federal elected the option to report these bonds at their...
On January 1, 2021, Essence Communications issued $720,000 of its 10-year, 8% bonds for $630,272. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31. Essence Communications records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2021, the market interest rate for bonds of similar risk and maturity was 9%. The bonds are not traded on an active exchange. The decrease...
On January 1, 2018, whittington Stoves issued $750 million of its 6% bonds for $686 million. The bonds were priced to yield 8%. Interest is payable semiannually on June 30 and December 31. Whittington records interest at the effective rate and elected the option to report these bonds at their fair value. One million dollars of the increase in fair value was due to a change in the general (risk-free) rate of interest. On December 31, 2018, the fair value...
On January 1, 2018, Rapid Airlines issued $205 million of its 6 % bonds for $188 million. The bonds were priced to yield 8%. Interest is payable semiannually on June 30 and December 31. Rapid Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2018, the fair value of the bonds was $194 million as determined by their market value in the over-the-counter market. Rapid determined that...
Only need #3
On January 1, 2018, Rapid Airlines issued $205 million of its 6% bonds for $188 million. The bonds were priced to yield 8%. Interest is payable semiannually on June 30 and December 31. Rapid Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2018, the fair value of the bonds was $194 million as determined by their market value in the over-the-counter market. Rapid...
Only need #3
On January 1, 2018, Rapid Airlines issued $205 million of its 6% bonds for $188 million. The bonds were priced to yield 8%. Interest is payable semiannually on June 30 and December 31. Rapid Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2018, the fair value of the bonds was $194 million as determined by their market value in the over-the-counter market. Rapid...
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