On June 30, 2013, Singleton Computers issued 6% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2028 (15 years). The market rate of interest for similar bond issues was 5% (2.5% semiannual rate). Interest is paid semiannually (3%) on June 30 and December 31, beginning on December 31, 2013. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1.	Determine the price of the bonds on June 30, 2013. (Enter your answers in whole dollars.)

Required: Determine the price of the bonds on June 30. 2013. (Enter your answers in whole dollars.) Calculate the interest expense Singleton reports in 2013 for these bonds. (Enter your answers whole dollars.) K a = [HPO 2- 4]gamma HPO 2- 4 [H +] gamma H +/[H 2 PO - 4]gamma H 2PO- 4 = 10 -7.20 member that pH= - log(A + H ) = - log([H +]gamma H +) So rearrange the K a equation: [H +]gamma H + = K a times [H 2 PO - 4]gammaH2 PO 4/[HPO 2- 4] gamma HPO 2- 4 Required: Determine the price of the bonds on June 30. 2013. (Enter your answers in whole dollars.) Calculate the interest expense Singleton reports in 2013 for these bonds. (Enter your answers whole dollars.) K a = [HPO 2- 4]gamma HPO 2- 4 [H +] gamma H +/[H 2 PO - 4]gamma H 2PO- 4 = 10 -7.20 member that pH= - log(A + H ) = - log([H +]gamma H +) So rearrange the K a equation: [H +]gamma H + = K a times [H 2 PO - 4]gammaH2 PO 4/[HPO 2- 4] gamma HPO 2- 4