QUESTION 7 On January 1, Williams Corporation issued $700,000 of 6%, 12-year bonds that pay interest...
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QUESTION 7 On January 1, Williams Corporation issued $700,000 of 6%, 12-year bonds that pay interest semi-annually on June 30 and December 31. The bonds were issued to yield 8%. What will be the issue price of the bonds? QUESTION 8 On January 1, 2021, Duke Corporation issued 17,000 of its 4%, $1,000 bonds at 104. Interest is payable semiannually on June 30 and December 31. The bonds mature on December 31, 2035. Duke uses straight-line amortization of any premium or discount. What is interest expense for 2025? QUESTION 9 On January 1, Fields Pecan Pie Corporation issued $600,000, 5%, 32-year bonds to yield 11%. The bonds pay interest annually on December 31. What is the cost of borrowing? QUESTION 10 On January 1, 2021, Sole Man Shoe Repair Corporation issued 10,000 of its 6%, $1,000 bonds at 97. Interest is payable semiannually on June 30 and December 31. The bonds mature on December 31, 2030. Sole Man uses straight-line amortization of any premium or discount. What is interest expense for 20227 QUESTION 7 On January 1, Williams Corporation issued $700,000 of 6%, 12-year bonds that pay interest semi-annually on June 30 and December 31. The bonds were issued to yield 8%. What will be the issue price of the bonds? QUESTION 8 On January 1, 2021, Duke Corporation issued 17,000 of its 4%, $1,000 bonds at 104. Interest is payable semiannually on June 30 and December 31. The bonds mature on December 31, 2035. Duke uses straight-line amortization of any premium or discount. What is interest expense for 2025? QUESTION 9 On January 1, Fields Pecan Pie Corporation issued $600,000, 5%, 32-year bonds to yield 11%. The bonds pay interest annually on December 31. What is the cost of borrowing? QUESTION 10 On January 1, 2021, Sole Man Shoe Repair Corporation issued 10,000 of its 6%, $1,000 bonds at 97. Interest is payable semiannually on June 30 and December 31. The bonds mature on December 31, 2030. Sole Man uses straight-line amortization of any premium or discount. What is interest expense for 20227
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Answer rating: 100% (QA)
1 Given Face value F 700000 Annual interest rate 006 Periodic interest rate r 3 or 003 Number of years t 12 Number of periods per year n 2 semiannual ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
Posted Date:
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