Question: QUESTION 8 On 3/1/2020, Taft Corporation issues 13-year bonds, dated 1/1/2020, with a par value of $700,000. These bonds have an interest rate of

QUESTION 8 On 3/1/2020, Taft Corporation issues 13-year bonds, dated 1/1/2020, with

QUESTION 8 On 3/1/2020, Taft Corporation issues 13-year bonds, dated 1/1/2020, with a par value of $700,000. These bonds have an interest rate of 4%, and pay interest semiannually on June 30th and December 31st. The bonds issued a par plus accrued interest. How much will Taft collect when it issues the bonds? QUESTION 9 On January 1, Fields Pecan Pie Corporation issued $600,000, 5%, 36-year bonds to yield 12%. The bonds pay interest annually on December 31. What is the cost of borrowing?

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