Calculate the bond selling price for the three separate scenarios that follow. a. 33M Corp. authorized...
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Calculate the bond selling price for the three separate scenarios that follow. a. 33M Corp. authorized and issued $240,000, 6%, 20-year bonds payable on January 1, 2020. Calculate the selling price of the bonds if the bonds pay cash interest semiannually on July 1 and January 1, and the market rate of interest on similar bonds is 8%. b. 33M Corp. authorized and issued $600,000, 7%, 10-year bonds payable on January 1, 2020. Calculate the selling price of the bonds if the bonds pay cash interest semiannually on July 1 and January 1, and the market rate of interest on similar bonds is 6%. c. 33M Corp. issued $180,000, 5%, 10-year bonds payable on March 31, 2020. The bonds were authorized on January 1, 2020. Calculate the selling price of the bonds (including interest) if the bonds pay cash interest annually on January 1, beginning January 1, 2021, and the market rate of interest on similar bonds is 6%. Note: Round answers to the nearest whole dollar. a. S b. S c. $ 0 0 0 Calculate the bond selling price for the three separate scenarios that follow. a. 33M Corp. authorized and issued $240,000, 6%, 20-year bonds payable on January 1, 2020. Calculate the selling price of the bonds if the bonds pay cash interest semiannually on July 1 and January 1, and the market rate of interest on similar bonds is 8%. b. 33M Corp. authorized and issued $600,000, 7%, 10-year bonds payable on January 1, 2020. Calculate the selling price of the bonds if the bonds pay cash interest semiannually on July 1 and January 1, and the market rate of interest on similar bonds is 6%. c. 33M Corp. issued $180,000, 5%, 10-year bonds payable on March 31, 2020. The bonds were authorized on January 1, 2020. Calculate the selling price of the bonds (including interest) if the bonds pay cash interest annually on January 1, beginning January 1, 2021, and the market rate of interest on similar bonds is 6%. Note: Round answers to the nearest whole dollar. a. S b. S c. $ 0 0 0
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Answer rating: 100% (QA)
ANSWER a 240000 b 600000 c 180000 CALCULATION a P 240000 1 1 1 089 220 08... View the full answer
Related Book For
Elementary Statistics in Social Research Essentials
ISBN: 9780205638000
3rd edition
Authors: Jack A. Levin, James Alan Fox
Posted Date:
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