On January 1, 2017, Marigold Corp. issued eight-year bonds with a face value of $5600000 and...
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On January 1, 2017, Marigold Corp. issued eight-year bonds with a face value of $5600000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 8 periods at 10% 0.467 Present value of 1 for 8 periods at 12% 0.404 Present value of 1 for 16 periods at 5% 0.458 Present value of 1 for 16 periods at 6% 0.394 Present value of annuity for 8 periods at 10% 5.335 Present value of annuity for 8 periods at 12% 4.968 Present value of annuity for 16 periods at 5% 10.838 Present value of annuity for 16 periods at 6% 10.106 The present value of the interest is O $2782080. O $2829680. O $2987600. O $3034640. 60°F On January 1, 2017, Marigold Corp. issued eight-year bonds with a face value of $5600000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 8 periods at 10% 0.467 Present value of 1 for 8 periods at 12% 0.404 Present value of 1 for 16 periods at 5% 0.458 Present value of 1 for 16 periods at 6% 0.394 Present value of annuity for 8 periods at 10% 5.335 Present value of annuity for 8 periods at 12% 4.968 Present value of annuity for 16 periods at 5% 10.838 Present value of annuity for 16 periods at 6% 10.106 The present value of the interest is O $2782080. O $2829680. O $2987600. O $3034640. 60°F
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Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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