Question: I couldn't slove these. I need to get some help. Rangoi Corporation issued $500,000 of T%, 10-year bonds payable on March 31, 2019 The market

I couldn't slove these. I need to get some help.

$Corporation issued \$500,000 of T\%, 10-year bonds payable on March 31, 2019$

Rangoi Corporation issued \$500,000 of T\%, 10-year bonds payable on March 31, 2019 The market interest rate at the date of issuance was 9%, and the bonds pry interest semiannally, Rangol Corporason's year end is Maxch 31 Read the requiements. 1. Using the PV function in Excel", calculate the issise price of the bonds. (Round your answer to itve nearest whole dollar) The issipe price of the bands is 5 Habach Corporation issuod $500,000 of 12%,10 year bonds payable on January 1, 2019 The macket interest rate at the date of issuince was 10%, and the bonds pay interest semianualy fon June 30 ard December 31\} HWhach Corporation's year end is June 30 Reod the teouafernents 1. Using the PV function in Exce"., calculate the issue prce of the bonds. (Pound your arswor to the nearest whole dollar) The issue price of the bonds is 5 semiarrually (on June 30 and Docember 31 ). Habech Coppoabon's yeatend is June 30 Read the 1 Using the PV function in Ereft, cakcuate the issue pnce of the bonds. (Round your atawes to the nocrest whole dolar) The issue price of the bonds is 5

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 Finance Questions!

The following is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December 31. Additional information: Investments were sold at a loss of...

Trail Runner USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first. Suppose Trail Runner USA can expect warranty costs during the...

For question S9-8, I added answers there but they are not right. S9-13 (book/static) Jackson Corporation issued S60 000 of 6%, 10-year bonds payable on January 1, 2016. The market interest ate at the...

Leon Corporation issued $400 000 of 10% 10-year bonds payable on January 1 2019. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually on June 30 and...

Rangel Corporation issued $540,000 of 7%, 15-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually. Rangel...

Kendall Corporation issued $640,000 of 6%, 10-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually. Kendall...

On January 1, 2017. Kepler Corporation, issued $5,000,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31 Each $1, 000 debenture can be...

Kendrick Corporation issued $640,000 of 6%, 15-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually. Kendrick...

Potter Corporation issued $840,000 of 6% 12-year bonds payable on March 31, 2019. The market interest rate at the dale of issuance was 3% and the bonds pay interest semiannually Pottor Corporation's...

Gordon Corporation issued $400,000 par value, 2%, 5 year bonds on January 1, 2019. The bonds mature on December 31, 2023 and pay semi annual interest. The market rate on the date of issue is 4%....

please help me. if you need the problem emailed to you, please let me know. as soon as i screenshot, it loses alot of its clarity. Bonds Long-term debt instrument Companies. ISSUE Bonds Legal...

By using Rdical Basis Function analysis kindly provides a model summary along with training and testing predictions. While performing the analysis consider yourself as a marketing manager . Data CS...

A bullet with initial speed v. is fired at a block of wood. The resistive force by wood on the bullet is given by not, where 221. What is the time taken to stap the bullet inside the wood block?

Beginning inventory has 2 3 units at \ ( \ $ 6 7 \ ) each. An additional 2 3 units are purchased in each of the next three weeks at respective costs of \ ( \ $ 6 8 , \ $ 6 9 \ ) , and \ ( \ $ 7 2 \ )...

You have been appointed as a Strategy Consultant to a Swiss shoe making brand namely Bally wanting to enter India. Which one of Porters Generic Strategies would you choose to be operational in India...

A school is preparing a field trip for 400 students: A) It has 10 50-seat buses with the operation cost of $800 each. How to minimize the cost for the trip? B) The company who is providing the...

Let x 1 , x 2 , . . . , x 100 denote the actual net weights (in pounds) of 100 randomly selected bags of fertilizer. Suppose that the weight of a randomly selected bag has a distribution with mean 50...

Indicate whether the function is even, odd, or neither. G(x) = x 6 1 The given graph is a transformation of one of the six basic functions. Find an equation for the given graph. 10 6. 4. -1 -3 -6 -7...

Exhibit 24-2 Prce ATC AVC P2 P Ps MR Quantity Refer to Exhibit 24-2. The profit-maximizing monopolist produces Q0 units and charges a price 13. of PO. . P1 b. P3. C. d. P2. none of the above e. Refer...

KENOO Electrical Appliances KENOO is a family-owned manufacturer of electrical appliances has grown exponentially over the last few years. However, the company is having difficulty preparing for...

Given the increased complexity of employees work and the demand for certain competencies, will online modules be an effective way to train employees at Elevated? What other cost-effective methods of...

You work in an organization that focuses on wine sales and marketing. Recently, there have been a number of complaints about a particular customer service representative in terms of the accuracy of...

In groups of 3-or 4, develop a list of behaviours or skills that would improve your performance as a team member. For each behaviour or skill, identify 1-or 2 training methods that would be...