Present Value of $1.Periods1.0%12345678910HRBHSR22808Present Value of $1Periods1.0%1112131415161718192530PresentPeriods123456789100.990100.980300.9705911121314150.960980.951470.942050.932720.923480914340.90529161718192025300.896320.887450.878660.869960.861350.852820.844380.836020.827740.819540.779770.74192Value of $18.0%0.925930.857340.79383Present Value of $1Periods8.0%0,735030.680580.630170.583490.540270,500250.463190.428880.397110.367700.340460.315240,291890.270270.250250.231710214550,146020.099382.0%0980390.961170.942320.923850.905730.887970.870560.853490.836760.820352.0%0.804260.788490.773030.757880.743010.728450.714160.700160.686430.672970.609530.552079.0%0.917430.841680.772180.708430649930.596270.547030.501870.460430.422410.0%0.387530.355530.326180.299250.274540.251870.231070.211990.194490.178430.115970.075373.0 %0.970870.942600915140.888490.862610.837480.813090.789410.766420.744093.0%-0.722420.701380.680950.661120.641860.623170.605020.587390.570290.553680.477610.4119910,0%0.909090.826450.751310683010.620920.564470513160.466510.424100.3855410.0%0.350490318630.289660.263330.239390217630.197840179860.163510140640.092300.057313.75%0.963060.929020895440.363070831880801810.772830.744900.717970,692023.75%0.667010.642900.619660.597260.575680.554870.534810.515480.496850.478890.398380.3314011.0%0.900900811620.731190658730593450534540.481660.433930.390920.3521811.0%0.317280.285840.257510.231990.209000,188290.169630.152820.137680124030.073610043684.0%0.961540.924560.889000.854800.821930.790310.759920.730690.702590.675560,403880.360610.3219712.0%0.892060797150.711780.635520.567430.506630.4523512.0%0.287480.256680.229170649580624600500570577480555264.0%0533910513370,204620.182700.163120.145540.130040.116110.103670,058820.033380493630.474640.456390375120.3083213.0%0.884960.783150.693050613320542760.480320.425060376160.332880.2945913.0%0.260700.230710.204160.180680.159090.141500,125220110810.098060086780047100.025574.25%0.959230.920130.882620.846630812120.779010.747250.716790.687570659544.29%0632650.606865.0%0.584680.556840530320505070.481020458110436300.472750415520.453480.395730434990.376890.353260.295300.28689 -0.231380.582120558390.535620513790.4928416.0%0.377190.769470.674970.592080.519370.455590.399640.350560.307510.2697414.0%0.236620.207565.0%0.952380.907030.863840.822700.783530.746220.710680.182070.159710.140100.122890.107800094560.082950.072760,037790.019630.676840644610.5139115.0%0.869570.756140.657520.571750.497180.432330.375940.326900284260.2471815.0%0214940.186910162530141330122890106860092930.000810070270061100030380015106.0%0.943400.890000.839620.792090.747260.704960.665060.627410.591900.558396.0%0.526790,496970.468840442300417270.393650.371360.350340.330510.311800.233000.1741120.0%0.833330.694440.578700.482250.401880.334900.279080.232570.193810.1615120.0%0.134590112160.093460077890.064910.054090.045070037560031300.026080010480004217.0%0.934580.873440.816300.76290- 0712990.666340622750.582010543930508357.0%0.475090444010.414960.387820.362450338730316570.295860.276510.258420.1842501313725.0%0.800000.640000512000.409600327680.262140.209720167770134220.1073725.0%0085900068720054980043980035180028150022520018010014410.01153000378000124 Required information.[The following information applies to the questions displayed below.]PowerTap Utilities is planning to issue bonds with a face value of $2,600,000 and a coupon rate of 9 percent. The bondsmature in 9-years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1of this year. PowerTap uses the effective-interest amortization method. Assume an annual market rate of interest of 10percent. (EV of $1. PV of $1. EVA of $1, and PVA of $1)Note: Use appropriate factor(s) from the tables provided.Required:1. What was the issue price on January 1 of this year?Note: Round your final answer to nearest whole dollar amount.Issue price

Principal amount = $2,600,000 Interest paid = Principal amount * Semi annul coupon rate Interest…

ds with a face value of $2,600,000 and a coupon rate of 9 percen Qually every June 30 and December 31. All of the bonds were solc terest amortization method. Assume an annual market rate of inter PVA of $1) tables provided. ear? e dollar amount.

ds with a face value of $2,600,000 and a coupon rate of 9 percen Qually every June 30 and December 31. All of the bonds were solc terest amortization method. Assume an annual market rate of inter PVA of $1) tables provided. ear? e dollar amount.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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