Need help with 19 and 20 please **Problem 19:**On January 1, the company issued 15-year bonds with a face value of $100,000. The bonds carry a coupon rate of 8 percent, and interest is paid semi-annually. On the issue date, the market interest rate for bonds issued by companies with similar riskiness was 10 percent compounded semi-annually. The issuance price of the bonds was $84,628. How much INTEREST EXPENSE should be reported for the first six months when the bond issuer makes the FIRST interest payment on June 30 of Year 1?- [ ] $4,859.40- [ ] $859.40- [ ] $4,000.00- [ ] $231.40- [ ] $4,231.40**Problem 20:**Tarazi Company issued bonds with a coupon rate of 10% and a face amount of $200,000. The bonds mature in 15 years. The market interest rate for bonds with the same degree of riskiness is 8% compounded annually. These bonds were issued on January 1 of Year 1 at a price of $234,238. Coupon payments are made annually on December 31, so the first coupon payment was made on December 31 of Year 1. How much INTEREST EXPENSE should be reported for Year 2?- [ ] $18,739- [ ] $1,362- [ ] $20,000- [ ] $18,638- [ ] $1,261

solution Note Dear student as per the bartleby guideline we are required to solve the first question only . please post the other question again which will be answered by other experts question 19 given Face value 100000 Coupon rate 8% Interest payment is semiannual Market rate of interest 10% Issue price 84268 We are required to calculate the interest expense for the first six month Interest expense for first 6 months =issue price * market rate of interest * 6/12 =84628 * 10% * 6/12 =$4231.4 hence correct answer is $4231.40

Business

Accounting

19 On January 1, the company issued 15-year bonds with a face value of $100,000. The bonds carry a coupon rate of 8 percent, and interest is paid semi-annually. On the issue date, the market interest rate for bonds issued by companies with similar riskiness was 10 percent compounded semi-annually. The issuance price of the bonds was $84,628. How much INTEREST EXPENSE should be reported for the first six months when the bond issuer makes the FIRST interest payment on June 30 of Year 1? O $4,859.40 $859.40 O $4,000.00 $231.40 O $4,231.40

19 On January 1, the company issued 15-year bonds with a face value of $100,000. The bonds carry a coupon rate of 8 percent, and interest is paid semi-annually. On the issue date, the market interest rate for bonds issued by companies with similar riskiness was 10 percent compounded semi-annually. The issuance price of the bonds was $84,628. How much INTEREST EXPENSE should be reported for the first six months when the bond issuer makes the FIRST interest payment on June 30 of Year 1? O $4,859.40 $859.40 O $4,000.00 $231.40 O $4,231.40

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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