I. On July 1, 2021, Wichita Corp. issued (issued) $ 150,000 in bonds with maturity in 5 years. The coupon rate is 8% and the effective interest rate in the market is 12%. The interest on the bond is paid quarterly on September 30, December 31, March 31 and June 30 of each year. The company's fiscal year is calendar year.

Instructions:

1. Calculate the sale price of the voucher (10 points)

Selling price of bond = (Face amount x PV factor of $ 1, n, i) + (Int. Pmt. X PV factor of $ 1 annuity, n, i)

2. Complete the following amortization table (round the figures to the dollar plus

near).