accounting

uconn has issued a 10 year $5,000,000 bond with semi annual interest payment with a contract rate of interest of 8%..determine the following
you: how much will uconn have to pay to retire the bonds after it pays off the final interest payment at the end of the 10th year?

  1. 👍 0
  2. 👎 0
  3. 👁 127

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    The Garraty company has two bond issues outstanding. Both bonds pa $100 annual interest plus $1,000 at maturity. Bond L has a maturity of 15 years and Bond S a maturity of 1 year. A). What will be the value of each of these bonds

    asked by Dee Dee on June 17, 2006
  2. Intermediate Accounting

    The 10% bonds payable of Klein Company had a net carrying amount of $570,000 on December 31, 2006. The bonds, which had a face value of $600,000, were issued at a discount to yield 12%. The amortization of the bond discount was

    asked by Jeniffer on February 11, 2010
  3. Accounting

    Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the receipt of interest on the next

    asked by Mike on June 9, 2013
  4. Finance

    The Carter Company's bond mature in 10 years have a par value of 1,000 and an annual coupon payment of $80. The market interest rate for the bond is 9%. What is the price of these bonds The coupon rate on the bond,

    asked by Dee on February 14, 2007
  5. Finance

    Suppose the September CBOT Treasury bond futures contract has a quoted price of 89-09. What is the implied annual interest rate inherent in this futures contract? Assume this contract is based on a 20 year Treasury bond with

    asked by Ma on September 26, 2011
  1. Finance

    Thompson Enterprises has $5,000,000 of bonds outstanding. Each bond has a maturity value of $1,000, an annual coupon of 12.0%, and 15 years left to maturity. The bonds can be called at any time with a premium of $50 per bond. If

    asked by k on October 20, 2011
  2. Math

    Hal Fritz purchased a $5,000 bond at 95. The annual interest is 6%. What was the cost of the bond? What was the annual interest? What is the yield (to nearest tenth of a percent)?

    asked by CCK on October 1, 2014
  3. finance

    1. Yest Corporation's bonds have a 15-year maturity, a 7% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, based on semiannual compounding. What is the bond’s price? 2. A 20-year, $1,000 par

    asked by hannah on October 13, 2013
  4. accounting

    18. Balance sheet and income statement data indicate the following: Bonds payable, 6% (issued 2000, due 2020) $1,200,000 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the

    asked by shannon on October 2, 2012
  5. history

    Heather bought a ten-year maturity corporate bond when it was issued for $1,000. The bond has an annual interest rate of seven percent and pays interest semi-annually. How much does she receive every six months?

    asked by Ed on November 4, 2010
  6. Advanced Finance

    6. (TCO F) Suppose the December CBOT Treasury bond futures contract has a quoted price of 80-07. What is the implied annual interest rate inherent in the futures contract? Assume this contract is based on a 20-year Treasury bond

    asked by Charles on November 21, 2014

You can view more similar questions or ask a new question.