accounting

posted by bry

On December 31, 2009, $150,000 of 14% bonds were issued. The market interest rate at the time of issuance was 15%. The bonds pay interest on June 30 and December 31 and mature in 8 years. Compute the selling price of a single $1,000 bond on December 31, 2009

Respond to this Question

First Name

Your Answer

Similar Questions

  1. accounting 2

    Stower's Research issues bonds dated Jan.1,2005 that pay interest semiannually on June 30and Dec.31. The bonds have a $20,000 par value, an annual contract rate of 10% and mature in 10 years. For each of the following, determine the …
  2. accounting

    herman company received proceeds of $188,500 on 10-year, 8% bonds issued on january 1, 2009. the bonds had a face value of $200,000, pay interest semi-annually on june 30 and december 31, and have a call price of 101. herman uses the …
  3. accounting

    Selling price of a bond: Problem type 1 On December 31, 2008, $140,000 of 9% bonds were issued. The market interest rate at the time issuance was 11%. The bonds pay on June 30 and December 31 and mature in 10 years. Compute the selling …
  4. accounting

    On December 31, 2008, University Theatres issued $500,000 face value of bonds. The stated rate is 6 percent, and interest is paid semiannually on June 30 and December 31. The bonds mature in 10 years. Required: If required, round your …
  5. accounting

    On January 2, 2007, a company issued $100,000 of 5%, 10 year bonds. The bonds will mature in ten years. The bonds were sold for for 95% (or .95 of par) and will pay interest semi-annually, or twice a year, on June 30 and Dec 31. Record …
  6. accounting

    I have figured this out I just want to make sure I am correct in my answers. 1.On January 2, 2007, A company issued $100,000 of 5%, 10 year bonds. The bonds will mature in ten years. The bonds were sold for for 95% (or .95 of par) …
  7. accounting

    On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bonds sold at $592,000. The company uses the straight-line …
  8. accounting

    On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bonds sold at $592,000. The company uses the straight-line …
  9. accounting

    On December 31, 2013, University Theatres issued $500,000 face value of bonds. The stated rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in 15 years. If required, round your answers to the …
  10. UWI

    Digicel Jamaica has raised financing by issuing 25-year bonds on January 1, 2009. They mature on December 31, 2033 and have a par value of $1,000 and a coupon rate of 8%. Coupon payments are made semi-annually. a)What is interest rate …

More Similar Questions