Question 6 0 / 2 points On March 1, 2021, Large Corporation, a public company, issued...
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Question 6 0 / 2 points On March 1, 2021, Large Corporation, a public company, issued a $300,000 5-year bond paying 6% interest semi-annually on March 1 and September 1, with a year-end of December 31. The market interest rate was 8%. What is the present value of the bond on September 1, 2021 (hint: this is one period after issue)? Do not input dollar signs, commas or decimals. Round to the nearest whole dollar. For example, $565,000.34 would be input as 565000 275667 x (277694) At December 31, 2021, what amount of interest expense will be recorded (hint: this is for the four month period since the interest payment on September 1)? Do not input dollar signs, commas or decimals. Round to the nearest whole dollar. 7351 x (7405) Question 6 0 / 2 points On March 1, 2021, Large Corporation, a public company, issued a $300,000 5-year bond paying 6% interest semi-annually on March 1 and September 1, with a year-end of December 31. The market interest rate was 8%. What is the present value of the bond on September 1, 2021 (hint: this is one period after issue)? Do not input dollar signs, commas or decimals. Round to the nearest whole dollar. For example, $565,000.34 would be input as 565000 275667 x (277694) At December 31, 2021, what amount of interest expense will be recorded (hint: this is for the four month period since the interest payment on September 1)? Do not input dollar signs, commas or decimals. Round to the nearest whole dollar. 7351 x (7405)
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Requinment calculation of Band value 6 I Discounting factor of 41 in Roth year Cumulativ... View the full answer
Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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