Question: Please, I need help making sure I got this correct? Citywide Company issues bonds with a par value of $150,000 on their stated issue date.

 Please, I need help making sure I got this correct? CitywideCompany issues bonds with a par value of $150,000 on their stated Please, I need help making sure I got this correct?

Citywide Company issues bonds with a par value of $150,000 on their stated issue date. The bonds mature in five years and pay 10% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. (Table B1, Table B.2, Table B.3. and Table B.4) (Use appropriate factor(s) from the tables provided.) 1. What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium 4. Compute the price of the bonds as of their issue date 5. Prepare the journal entry to record the bonds' issuance Complete this question by entering your answers in the tabs below Req 1 to 3 Req 4 Req 5 Compute the price of the bonds as of their issue date Table Values are Based on: 10 4.0% Table Value 0.6756 8.1109 Present Value Cash Flow Par (maturity) value Interest (annuity) Price of bonds Amount $ 150,000! 101,340 60,832 162,172 7.5001 =

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