CP$9-$submit in Canvas

The company issues $12\%,10-$year bonds with a face amount of $$100,000$ with interest paid semi$-$annually. The market rate of interest is $11\mathrm{.}8\%.$

$\backslash$table$[[n,\%,$PVS$1,$PVA$],[10,11\mathrm{.}80\%,0\mathrm{.}32778,5\mathrm{.}69678],[10,12\mathrm{.}00\%,0\mathrm{.}32197,5\mathrm{.}65022],[20,5\mathrm{.}90\%,0\mathrm{.}31775,11\mathrm{.}56362],[20,6\mathrm{.}00\%,0\mathrm{.}31180,11\mathrm{.}46992]]$

ROUND ANSWERS TO NEAREST DOLLAR

What is the issue price of the bond? $ $$

What is the amount of the premium? $$

What is the interest expense for the first interest payment? $ $$

What is the bond liability after the first interest payment? $ $$

What is the interest expense for the second interest payment? $$

Flows

inna On

Acressiblify Good to go

Seurch

EP$10$ in class $$ Saved $$

Search

Layout

References

Mailings

Review

View

Help

CP$10-$submit in Canvas

Balance Sheet $(partial)at\frac{12}{31}$

$\backslash$table$[[$Stockholders$\text{'}$ equity:,$$50,000],[$Preferred stock $($$$50$ par$),50,000],[$Common stock $($$$0\mathrm{.}25$ par$),3,003,000],[$Additional paid in capital,$3,103,000],[$Total paid in capital,$1,700,000],[$Treasury stock $(4,000$ common shares$),(80,000)],[$Total stockholders' equity,$$4,773,000]]$

How many shares of preferred stock have been issued? $q,$

$2$a$.$ How many shares of common stock have been issued? $q,$

$2$b$.$ How many of the common shares are outstanding? $q,$

How much of the Additional paid in capital is from common stock if the common stock shares were issued at $$15$ per share? $$

If retained earnings at the beginning of the period was $$1,450,000$ and $$375,000$ was earned in net income, what was the amount of dividends declared during the year? $$

What was the average cost per share of the treasury stock? $5$

Search