A 12% P1,000,000 face value bond with interest payable June 30 and December 31, which matures on June 30, 2026, was purchased at 95 for short term investment purposes on June 30, 2021. At the end of December 31, 2021, the bonds were quoted at 110. By June 30, 2022, all the bonds were sold at 115. How much would be the total cash that would be received by June 30, 2022? O 1,000,000 O 1,100,000 O 1,150,000 O 1,210,000
A 12% P1,000,000 face value bond with interest payable June 30 and December 31, which matures on June 30, 2026, was purchased at 95 for short term investment purposes on June 30, 2021. At the end of December 31, 2021, the bonds were quoted at 110. By June 30, 2022, all the bonds were sold at 115. How much would be the total cash that would be received by June 30, 2022? O 1,000,000 O 1,100,000 O 1,150,000 O 1,210,000
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 6PA: Aggies Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1,...
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![A 12% P1,000,000 face value bond with interest payable June 30 and December 31, which matures on
June 30, 2026, was purchased at 95 for short term investment purposes on June 30, 2021. At the end of
December 31, 2021, the bonds were quoted at 110. By June 30, 2022, all the bonds were sold at 115.
How much would be the total cash that would be received by June 30, 2022?
1,000,000
1,100,000
O 1,150,000
O 1,210,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F54181678-8bdb-4f35-b8ed-d315de9633e6%2Fff9f1ca1-c01b-4680-ac0e-9b903e0e8e05%2Fo6gopnk_processed.png&w=3840&q=75)
Transcribed Image Text:A 12% P1,000,000 face value bond with interest payable June 30 and December 31, which matures on
June 30, 2026, was purchased at 95 for short term investment purposes on June 30, 2021. At the end of
December 31, 2021, the bonds were quoted at 110. By June 30, 2022, all the bonds were sold at 115.
How much would be the total cash that would be received by June 30, 2022?
1,000,000
1,100,000
O 1,150,000
O 1,210,000
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