On January 1, 2024, Cullumber issued $4,200,000, 10% bonds. Interest is payable semi-annually on June 30...

 

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On January 1, 2024, Cullumber issued $4,200,000, 10% bonds. Interest is payable semi-annually on June 30 and December 31. The bonds mature on January 1, 2034. The bonds are sold to yield 12%. Click here to view factor table. Your answer is incorrect. Calculate the issue price of the bonds. (Round factor values calculations to 5 decimal places, e.g. 2.55555 and final answer to O decimal places, e.g. 25,000.) Issue price of bond $ eTextbook and Media eTextbook * Your answer is incorrect. Assistance Used Prepare the amortization table for the first year assuming the effective interest method is used to calculate interest. (Round answers to O decimal places, e.g. 25,000.) On January 1, 2024, Cullumber issued $4,200,000, 10% bonds. Interest is payable semi-annually on June 30 and December 31. The bonds mature on January 1, 2034. The bonds are sold to yield 12%. Click here to view factor table. Your answer is incorrect. Calculate the issue price of the bonds. (Round factor values calculations to 5 decimal places, e.g. 2.55555 and final answer to O decimal places, e.g. 25,000.) Issue price of bond $ eTextbook and Media eTextbook * Your answer is incorrect. Assistance Used Prepare the amortization table for the first year assuming the effective interest method is used to calculate interest. (Round answers to O decimal places, e.g. 25,000.)