Coney Island Entertainment issues $$1,300,000$ of $7\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

 

Required:

$1.$ The market interest rate is $7\%$ and the bonds issue at face amount. $($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 your answers to nearest whole dollar.$)$

Answer rating: 100% (QA)

Coney Island Entertainment Bond Issue Analysis 1 Issue Price at Face Value Since the market interest ... View the full answer