Question: iz #3 - Liabilities Mon, Feb 17, 2020 problem #3 (30): On July 10, 2022 Retsof Milling and Machinery Manufacturing (RMAMM) issued $52m of 6.1%,
iz #3 - Liabilities Mon, Feb 17, 2020 problem #3 (30): On July 10, 2022 Retsof Milling and Machinery Manufacturing (RMAMM) issued $52m of 6.1%, 10- year bonds, which would pay a semi-annual coupon on 4/30 and 10/31 of each year. Nunda High-Yield Partners (NUNDA) purchased the entire run at a yield of 6.53%. RMAMM corporate counsel Sginni Hao (JD/MBA) arranged the terms of the deal, and BIC were thus immaterial. Required: Book the issuance and RMAMM's 2022 10 31 interest accrual. Henry Rifford, RMAMM's controller, performs interest and SLN calculations using the 30/360, nearest-third-or-half convention iz #3 - Liabilities Mon, Feb 17, 2020 problem #3 (30): On July 10, 2022 Retsof Milling and Machinery Manufacturing (RMAMM) issued $52m of 6.1%, 10- year bonds, which would pay a semi-annual coupon on 4/30 and 10/31 of each year. Nunda High-Yield Partners (NUNDA) purchased the entire run at a yield of 6.53%. RMAMM corporate counsel Sginni Hao (JD/MBA) arranged the terms of the deal, and BIC were thus immaterial. Required: Book the issuance and RMAMM's 2022 10 31 interest accrual. Henry Rifford, RMAMM's controller, performs interest and SLN calculations using the 30/360, nearest-third-or-half convention
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