A company issued 6%, 15-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell?

Metlock Inc. issues $4,200,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. What amount will Metlock receive when it issues the bonds?

Java Co. issued 15-year bonds with a maturity value of $600 million. Which of the following statements is true if the bonds were issued at their par value? Select one: Select one: a. The effective or yield rate of interest exceeded the coupon rate. b. The cash rate of interest exceeded the coupon rate. c. The effective or yield rate of interest was less than the coupon rate. d. The effective or yield rate of interest was equal to the coupon rate.

Kk.95. Palmer Corp. issued callable bonds with a face value of $200,000 and a coupon rate of 6%. The bond matures in 4 years and pays interest semi-annually. The market rate at time of issuance is 7%. Provide the journal entry to record the issuance of the bonds on January 1st, 2020. -Record the journal entry for the interest expense on 6/30/2021? -What is the net book value of the bonds payable at 12/31/2022? -Palmer Corp. decides to exercise the right to retire its bonds early on 12/31/2022. It calls its bond at a call premium of 3 percent over par. Record the retirement of the bonds.

What is the issue price of the bonds in the following situation. Classic Corporation issues $300,000 of 7% bonds, due in 15 years, with interest payable semi-annually. The market is paying 5%.

On April 30, Year 6, Tuesday Ltd. issued $1,000,000 of 20-year bonds paying interest twice a year on October 31 and April 30. The coupon rate is 5%, and the market rate was 7%. The bonds were issued at 78.6449. Required a. Calculate the issue price. Round your numbers to the nearest dollar. b. Prepare a bond amortization table for the initial issue of the bonds and the first four interest periods. c. Using the net method, prepare journal entries for the issue of the bonds and the following: • Interest payment on October 31, Year 6⚫ Interest accrual, rounded to 2 months, on December 31, Year 6 ⚫ Interest payment on April 30, Year 7⚫ Interest payment on October 31, Year 7 • Interest accrual on December 31, Year 7

Marigold Hills Ltd. issued five-year bonds with a face value of $160,000 on January 1. The bonds have a coupon interest rate of 7% and interest is paid semi-annually on June 30 and December 31. The market interest rate was 5% when the bonds were issued at a price of 109. Using above information, determine the proceeds received by the company when the bonds were issued. Proceeds from issue of the bonds eTextbook and Media $ Determine the interest expense recorded for the six months ending June 30 when the first interest payment is made. Interest expense $ eTextbook and Media Determine the balance in the Bonds Payable account immediately following the first interest payment. Balance in bonds payable account eTextbook and Media