Question: QUESTION 28 An 8% $50,000 bond dated January 1, 2019 and having payment interest dates of June 30 and December 31 for 8 years will
QUESTION 28 An 8% $50,000 bond dated January 1, 2019 and having payment interest dates of June 30 and December 31 for 8 years will have semiannual payment as well as the one-time principal payment. The market interest rate is 696. Determine: a. Ordinary annuity at the end of each period b. The PV of the annuity for eight semiannual period C. The difference the 8 future payments and the PV d. The PV value of $50,000 bond at the date of maturity e. The combined value of the bond f. The bond premium 3. Make a journal entry to record the $50,000 issued on 1/01/2019
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