bond issue price and premium amortization

Project Description:

on january 1, 2013, piper co. issued ten-year bonds with a face value of $4,000,000
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:
instructions
page 1
present value of 1 for 10 periods at 12% .322
present value of 1 for 20 periods at 5% .377
present value of 1 for 20 periods at 6% .312
present value of annuity for 10 periods at 10% 6.145
present value of annuity for 10 periods at 12% 5.650
present value of annuity for 20 periods at 5% 12.462
present value of annuity for 20 periods at 6% 11.470
(a) calculate the issue price of the bonds.
(b) without prejudice to your solution in part (a), assume that the issue price was
$3,536,000. prepare the amortization table for 2013, assuming that amortization is
recorded on interest payment dates.
present value of 1 for 10 periods at 10% .386
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 7
1 Current viewersl
8 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.8
    546 Jobs 386 Reviews
    $24 in 0 Day
  • 4.6
    16 Jobs 9 Reviews
    $0 in 0 Day
  • 4.6
    647 Jobs 468 Reviews
    $0 in 0 Day
  • 4.5
    355 Jobs 236 Reviews
    $0 in 0 Day
  • 4.4
    31 Jobs 22 Reviews
    $25 in 0 Day