Question: On June 30, 2018, Singleton Computers issued 7% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2033

On June 30, 2018, Singleton Computers issued 7% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2033 (15 years). The market rate of interest for similar bond issues was 5% (2.5% semiannual rate). Interest is paid semiannually (3.5%) on June 30 and December 31, beginning on December 31, 2018. (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.)

On June 30, 2018, Singleton Computers issued 7% stated rate bonds with

I would just like to know if my answers are correct. If not could you show me the correct answer.

On June 30, 2018, Singleton Computers issued 7% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2033 (15 years). The market rate of interest for similar bond issues was 5% (2.5% semiannual rate). Interest is paid semiannually (3.5%) on June 30 and December 31, beginning on December 31, 2018. (FV of $1, PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Requirec 1. Determine the price of the bonds on June 30, 2018 2. Calculate the interest expense Singleton reports in 2018 for these bonds using the effective interest method Complete this question by entering your answers in the tabs below Required 1Required 2 Determine the price of the bonds on June 30, 2018. (Enter your answers in whole dollars. Round percentage answers to one decimal pace. Round your fina sers to nearest whole dollar amount.) Table values are based on: 30 25% Cash Flow Amount Present Value 7,000,000 146,512,030 95,348,000 $241,860,030 Interest Principal 200,000,000 Price of bonds

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