Question

Concord Corporation issued $112000 of ten-year, 10% bonds that pay interest semiannually. The bonds are sold to yield 8%...

Concord Corporation issued $112000 of ten-year, 10% bonds that pay interest semiannually. The bonds are sold to yield 8%. One step in calculating the issue price of the bonds is to multiply the face value by the table value for

a. 10 periods and 10% from the present value of 1 table

b. 20 periods and 5% from the present value of 1 table

c. 20 periods and 4% from the present value of 1 table

d. 10 periods and 8% from the present value of 1 table

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Hi

Let me know in case you face any issue:

Answer is highlighted in yellow: Solution: Answer: Explanation: c. 20 periods and 4% from the present value of 1 table Fave v

Add a comment
Know the answer?
Add Answer to:
Concord Corporation issued $112000 of ten-year, 10% bonds that pay interest semiannually. The bonds are sold to yield 8%...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Sunland Company issued $102000 of ten year, 12% bonds that pay interest semiannually. The bonds are...

    Sunland Company issued $102000 of ten year, 12% bonds that pay interest semiannually. The bonds are sold to yield 10%. One step in calculating the issue price of the bonds isto multiply $12240 by the table value for 10 periods and 12% from the present value of an annuity table. multiply $12240 by the table value for 20 periods and 6% from the present value of an annuity table. multiply $12240 by the table value for 20 periods and 5%...

  • On January 1, 2017, Concord Corporation issued eight-year bonds with a face value of $6,300,000 and...

    On January 1, 2017, Concord Corporation issued eight-year bonds with a face value of $6,300,000 and a stated interest rate of 6%, payable semiannually on starting in July on July 1 and January 1. The bonds were sold to yield 8%. Table values are: Present value of 1 for 8 periods at 6% 0.627 Present value of 1 for 8 periods at 8% 0.540 Present value of 1 for 16 periods at 3% 0.623 Present value of 1 for 16...

  • On January 1, 2017, Concord Corporation issued eight year bonds with a face value of $6070000...

    On January 1, 2017, Concord Corporation issued eight year bonds with a face value of $6070000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are: 0.627 0.540 0.623 0.534 6.210 Present value of 1 for 8 periods at 6% Present value of 1 for 8 periods at 8% Present value of 1 for 16 periods at 3% Present value of 1 for 16 periods...

  • On January 1, 2017, Sheffield Corp. issued ten-year bonds with a face amount of $5800000 and...

    On January 1, 2017, Sheffield Corp. issued ten-year bonds with a face amount of $5800000 and a stated interest rate of 8% payable annually on January 1 . The bonds were priced to yield 10%. Present value factors are as follows: At 8% At 10% Present value of 1 for 10 periods 0.463 0.386 Present value of an ordinary annuity of 1 for 10 periods 6.710 6.145. The total issue price of the bonds was... 1. A company issues $...

  • On January 1, 2021, Marigold Co. issued ten-year bonds with a face value of $4,200,000 and...

    On January 1, 2021, Marigold Co. issued ten-year bonds with a face value of $4,200,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% 0.386 Present value of 1 for 10 periods at 12% 0.322 Present value of 1 for 20 periods at 5% 0.377 Present value of 1 for 20 periods at 6% 0.312...

  • On January 1, 2021, Splish Co. issued ten-year bonds with a face value of $6,200,000 and...

    On January 1, 2021, Splish Co. issued ten-year bonds with a face value of $6,200,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% 0.386 Present value of 1 for 10 periods at 12% 0.322 Present value of 1 for 20 periods at 5% 0.377 Present value of 1 for 20 periods at 6% 0.312...

  • I need the bottom part done On January 1, 2021, Whispering Co. issued ten-year bonds with...

    I need the bottom part done On January 1, 2021, Whispering Co. issued ten-year bonds with a face value of $4,900,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% Present value of 1 for 10 periods at 12% Present value of 1 for 20 periods at 5% Present value of 1 for 20 periods...

  • With steps and calculations Testbank Brief Exercise 118 On January 1, 2021, Whispering Co. issued ten-year...

    With steps and calculations Testbank Brief Exercise 118 On January 1, 2021, Whispering Co. issued ten-year bonds with a face value of $4,900,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% Present value of 1 for 10 periods at 12% Present value of 1 for 20 periods at 5% Present value of 1 for...

  • ABC Crp. issued $8,000,000 of 8% debentures on January 1,2018. The bonds pay interest semiannually on...

    ABC Crp. issued $8,000,000 of 8% debentures on January 1,2018. The bonds pay interest semiannually on July 1 and January 1. The maturity date on these bonds is January 1, 2026. The firm uses the effective interest method of amortizing discounts and premiums. The bonds were sold to yield an effective interest rate of 10%. Required: Compute the present Value of bonds and amortization table

  • On January 1, 2017, Sheffield Corp. issued ten-year bonds with a face amount of $5800000 and...

    On January 1, 2017, Sheffield Corp. issued ten-year bonds with a face amount of $5800000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. Present value factors are as follows: Present value of 1 for 10 periods At 8% 0.463.    At 10%. 0.386 Present value of an ordinary annuity of 1 for 10 periods. At 8%  6.710.   At 10%.   6.145 The total issue price of the bonds was:

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT