Question: On June 30,2024 , Single Computers issued 6% stated rate bonds with a face amount of $200 million. The bonds mature on June 30 ,

On June 30,2024 , Single Computers issued 6% stated rate bonds with a face amount of $200 million. The bonds mature on June 30 , 2039 (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, 2024. Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1, EVA of \$1, PVA of \$1, EVAD of \$1 and Required: 1. Determine the price of the bonds on June 30,2024. 2. Calculate the interest expense Single reports in 2024 for these bonds using the effective interest method

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