Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
What the answer for 4,5,6
4. It’s not -1,511,209.86
5. It’s not 44,580.69
6. It’s not 1,510,790
Transcribed Image Text:Use the following to answer questions 4 – 7 (Round
answers to the nearest dollar)
TR issues 6.0%, 10-year bonds with a total face amount of
$1,500,000. The market interest rate for bonds of similar
risk and maturity is 5.9%. Interest is paid semi-annually.
DO NOT ROUND YOUR ANSWERS UNTIL YOU
FULLY COMPLETE THE PROBLEM SET (input your
answers after you've completed the entire problem).
$
the issue price of the bond?
4.
(rounded to nearest dollar). What is
5. $
(rounded to nearest dollar). When the
company records the first interest payment, how much
record
will
the
company
for
interest
expense?
6.
$
(rounded to nearest dollar). What is
the bond liability (carrying amount) after the first interest
payment?
$
company records the second interest payment, how much
7.
(rounded to nearest dollar). When the
will
the
company
record
for
interest
expense?
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