Question: Some help for the homework problem from intermediate accounting please. All appreciated! Use the following present value information to calculate the price of a bond.

Some help for the homework problem from intermediate accounting please. All appreciated!

Use the following present value information to calculate the price of a bond. The specifics are in the next problem. 3% 4% 6% 8% Present value of a single sum for 10 periods .7441 .6756 .5584 .4632 Present value of a single sum for 20 periods .5637 .4564 .3118 .2146 Present value of an ordinary annuity for 10 periods 8.5302 8.1109 7.3601 6.7101 Present value of an ordinary annuity for 20 periods 14.8775 13.5903 11.4699 9.8182 Present value of an annuity due for 10 periods 8.7861 8.4353 7.8017 7.2469 Present value of an annuity due for 20 periods 15.3238 14.1339 12.1581 10.60.36 Use the present value table information provided above to complete the following question: Macon Company issued $150,000 of 8% 10 year bonds on January 1, 2020. The bonds pay interest June 30 and December 31. The market rate on January 1 is 6%. REQUIRED: Calculate the price of the bond on January 1, 2020. Do not round any part of your calculations.

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