ABC issues $100k in bonds payable on 1/1/85. The bonds pay interest annually on 12/31 at 8%
Fantastic news! We've Found the answer you've been seeking!
Question:
ABC issues $100k in bonds payable on 1/1/85. The bonds pay interest annually on 12/31 at 8% and are due in 8 years (12/31/92).
a) If the bonds are issued to yield 12% what is the issue price?
b) if the yield rate is 8%, what is the issue price?
c) If the bonds are issued to yield 6%, what is the issue price?
Expert Answer:
Related Book For 
Financial Accounting
ISBN: 978-0077862268
2nd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
