Question: ( Appendix 9 A ) Bond Issue Price On January 1 , Ruby Inc. issued 2 , 0 0 0 of $ 1 , 0

(

Appendix

9

)

Bond Issue Price

On January

1,

Ruby Inc. issued

2, 000

of $

1, 000

par value bonds with a stated rate of

6 %

and a

6 -

year maturity. Interest is payable semiannually on June

30

and December

31 .

Use Future Value of a Single Amount, Present Value of a Single Amount, Future Value of an Annuity and Present Value of an Annuity.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below.

Required:

What is the issue price if the bonds are sold to yield

8 % ?

Round factors to five decimal places and final answer to the nearest dollar.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

(Appendix 9A) Bond Issue Price On January 1, Ruby Inc. issued 1,500 of $1,000 par value bonds with a stated rate of 6% and a 6-year maturity. Interest is payable semiannually on June 30 and December...

Need help with questions 1-4 1. 2. 3. 4. Bonds Issued at a Discount (Effective Interest) Theodore Corporation decided to issue long-term debt in order to pay off its short-term obligations. On...

Need help ( Appendix 9 A ) Bond Issue Price On January 1 , Ruby Inc. issued 1 , 0 0 0 of $ 1 , 0 0 0 par value bonds with a stated rate of 8 % and a 1 0 - year maturity. Interest is payable...

(Appendix 9A) Bond Issue Price On January 1, Ruby Inc. issued 3,500 of $1,000 par value bonds with a stated rate of 8% and a 8-year maturity. Interest is payable semiannually on June 30 and December...

Need help ( Appendix 9 A ) Bond Issue Price On January 1 , Ruby Inc. issued 1 , 0 0 0 of $ 1 , 0 0 0 par value bonds with a stated rate of 8 % and a 1 0 - year maturity. Interest is payable...

Need help ( Appendix 9 A ) Bond Issue Price On January 1 , Ruby Inc. issued 2 , 0 0 0 of $ 1 , 0 0 0 par value bonds with a stated rate of 8 % and a 1 0 - year maturity. Interest is payable...

Need help haven't figured out where the answer is going wrong. ( Appendix 9 A ) Bond Issue Price On January 1 , Ruby Inc. issued 1 , 0 0 0 of $ 1 , 0 0 0 par value bonds with a stated rate of 8 % and...

eBook Print Item Question Content Area (Appendix 9A) Bond Issue Price On January 1, Ruby Inc. issued 1,500 of $1,000 par value bonds with a stated rate of 10% and a 6-year maturity. Interest is...

( Appendix 9 A ) Bond Issue Price On January 1 , Ruby Inc. issued 1 , 0 0 0 of $ 1 , 0 0 0 par value bonds with a stated rate of 6 % and a 6 - year maturity. Interest is payable semiannually on June...

(Appendix 9A) Bond Issue Price On January 1, Ruby Inc. issued 1,500 of $1,000 par value bonds with a stated rate of 4% and a 8-year maturity. Interest is payable semiannually on June 30 and December...

The Pinewood Cabinet and Furniture Company produces sofas, tables, and chairs at its plant in Greensboro, North Carolina. The plant uses three main resources to make furniturewood, upholstery, and...

Buffalo Corp., a wholesaler of office furniture, issued $12,000,000 of 30-year, 8% callable bonds on April 1, 2006, with interest payable on April 1 and October 1. The fiscal year of the company is...

Which of the following statements is correct about the difference between procedural programming and object - oriented programming ?

Question 5 2 ( 1 point ) Saved Workers' compensation claims for federal employees are administered by: Federal employees cannot claim workers' compensation. The federal government workers'...

1 Consider the demographic information provided above and the career websites provided at the end of this chapter. On the basis of this information, and on that of your personal goals, think about...

1 Think about your career and where you want to get to. Consider how this can best be achieved with your current employer. Using the websites on career management at the end of this chapter will help...

1 A pply the competencies approach to the person specifi cation of a lobbyist provided above. Increasingly organisations are considering competencies as an important feature of recruitment and...