Question: coupon ( stated ) rate 3 . 5 % and the yield is 3 . 0 % a . Calculate the price and prepare the

coupon (stated) rate 3.5% and the yield is 3.0% a. Calculate the price and prepare the amortization table the $500 million bonds issued by Houston Co.(PV factors below) b. Prepare the journal entry at issuance for Houston Co. c. Prepare the interest expense entries at 6/30/24 for Houston Co. d. Assuming that $50 million of the bonds are converted into 1,000,000 shares of common stock on after 3 years (6 periods) on December 31,2026, prepare the entry to record the conversion. e. Jacksonville Inc. buys $1 million (face) of the bonds at issue. Prepare the journal entry to record the purchase for Jacksonville Inc. at 1//1//24.
coupon ( stated ) rate 3 . 5 % and the yield is 3

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