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Haste Enterprises issues 15-year, $1,000,000 bonds that pay semiannual interest of $50,000. If the effective annual...
Haste Enterprises issues 10-year, $1,000,000 bonds that pay semiannual interest of $40,000. If the effective annual...
Haste Enterprises issues 10-year, $1,000,000 bonds that pay semiannual interest of $40,000. If the effective annual rate of interest is 10%, what is the issue price of the bonds? Some relevant and irrelevant present value factors: * PV of ordinary annuity of $1: n = 10; i = 10% is 6.14457 **PV of $1: n = 10; i = 10% is 0.38554 * PV of ordinary annuity of $1: n = 20; i = 5.0% is 12.46221 **PV of $1:...
Sharmer Company issues 5%, 5-year bonds with a par value of $1,000,000 and semiannual interest payments....
Sharmer Company issues 5%, 5-year bonds with a par value of $1,000,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%. What is the bond's issue (selling) price, assuming the following factors: n= i= 5 5% Present Value of an Annuity 4.3295 8.7521 4.2124 8.5302 Present value of $1 0.7835 0.7812 0.7473 0.7441 5 10 6% 6% 3% O $1,213,255 $786,745 $1,250,000 O $957,355 0 $1,000,000
Scottie Adams Bird Supplies issued 13% bonds, dated January 1, with a face amount of $290,000...
Scottie Adams Bird Supplies issued 13% bonds, dated January 1, with a face amount of $290,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021? Some relevant and irrelevant present value factors: *PV of annuity due of $t: n. 20. = 6% is 12.15812 PV...
A company issues 8%, 5 year bonds with a par value of $500,000 and semiannual interest...
A company issues 8%, 5 year bonds with a par value of $500,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%. What is the bond's issue (selling) price, assuming the Present Value of $1 factor for 3% and 10 semi-annual periods is .7441 and the Present Value of an Annuity factor for the same rate and period is 8.5302?
Scottie Adams Bird Supplies issued 13% bonds, dated January 1, with a face amount of $280,000...
Scottie Adams Bird Supplies issued 13% bonds, dated January 1, with a face amount of $280,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021? Some relevant and irrelevant present value factors: • PV of annuity due of $1: n=20; /-5% is 12.15812 * PV...
Hillside issues $1,000,000 of 6%, 15-year bonds dated January 1, 2017, that pay interest semiannually on...
Hillside issues $1,000,000 of 6%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,223,995. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line premium amortization. 2(c) For each semiannual period, complete the...
Cainas Cookies issues a $1,000,000, 5 year, 12% bond when the market rate of interest is...
Cainas Cookies issues a $1,000,000, 5 year, 12% bond when the market rate of interest is 8%. Interest is paid semi-annually. To solve for the issue price of the bond, you need to solve for: $1,000,000 (PV ss n = 5 1 = 8%) + $60,000 (PV ann n= 10 1 = 4%) $1,000,000 (PV ss n = 101 = 6%) + $40,000 (PV ann n= 101=6%) $1,000,000 (PV ss n = 10 1 = 4%) + $120,000 (PV ann...
Garcia Company issues 10.0%, 15-year bonds with a par value of $330,000 and semiannual interest payments....
Garcia Company issues 10.0%, 15-year bonds with a par value of $330,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.0%, which implies a selling price of 119 1/2. Prepare the journal entry for the issuance of these bonds for cash on January 1.
Scottie Adams Bird Supplies issued 10% bonds, dated January 1, with a face amount of $150,000...
Scottie Adams Bird Supplies issued 10% bonds, dated January 1, with a face amount of $150,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 8%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021? Some relevant and irrelevant present value factors: * PV of annuity due of $1: n = 20; i = 4%...
Ultimate Butter Popcorn issues 5%, 15-year bonds with a face amount of $40,000. The market interest...
Ultimate Butter Popcorn issues 5%, 15-year bonds with a face amount of $40,000. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually. At what price will the bonds issue? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round"Market interest rate" to 1 decimal place.) Bond Characteristics Face amount Amount | $ 40,000 $ 2,000...
Haste Enterprises issues 10-year, $1,000,000 bonds that pay semiannual interest of $40,000. If the effective annual rate of interest is 10%, what is the issue price of the bonds? Some relevant and irrelevant present value factors: * PV of ordinary annuity of $1: n = 10; i = 10% is 6.14457 **PV of $1: n = 10; i = 10% is 0.38554 * PV of ordinary annuity of $1: n = 20; i = 5.0% is 12.46221 **PV of $1:...
Sharmer Company issues 5%, 5-year bonds with a par value of $1,000,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%. What is the bond's issue (selling) price, assuming the following factors: n= i= 5 5% Present Value of an Annuity 4.3295 8.7521 4.2124 8.5302 Present value of $1 0.7835 0.7812 0.7473 0.7441 5 10 6% 6% 3% O $1,213,255 $786,745 $1,250,000 O $957,355 0 $1,000,000
Scottie Adams Bird Supplies issued 13% bonds, dated January 1, with a face amount of $290,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021? Some relevant and irrelevant present value factors: *PV of annuity due of $t: n. 20. = 6% is 12.15812 PV...
Scottie Adams Bird Supplies issued 13% bonds, dated January 1, with a face amount of $280,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021? Some relevant and irrelevant present value factors: • PV of annuity due of $1: n=20; /-5% is 12.15812 * PV...
Hillside issues $1,000,000 of 6%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,223,995. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line premium amortization. 2(c) For each semiannual period, complete the...
Cainas Cookies issues a $1,000,000, 5 year, 12% bond when the market rate of interest is 8%. Interest is paid semi-annually. To solve for the issue price of the bond, you need to solve for: $1,000,000 (PV ss n = 5 1 = 8%) + $60,000 (PV ann n= 10 1 = 4%) $1,000,000 (PV ss n = 101 = 6%) + $40,000 (PV ann n= 101=6%) $1,000,000 (PV ss n = 10 1 = 4%) + $120,000 (PV ann...
Ultimate Butter Popcorn issues 5%, 15-year bonds with a face amount of $40,000. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually. At what price will the bonds issue? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round"Market interest rate" to 1 decimal place.) Bond Characteristics Face amount Amount | $ 40,000 $ 2,000...
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