A $2,000 bond issued in 2018 pays $180 in interest each year. What is the current yield on the bond if it can be purchased for $1,500?
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- 12A. On December 31, 2025, when the market interest rate is 14%, Arnold Corporation issues $150,000 of 12%, 4-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. View the Present Value of $1 table. View the Present Value of Ordinary Annuity of $1 table. View the Future Value of $1 table. View the Future Value of Ordinary Annuity of $1 table. Start by calculating the present value of the principal. (Enter factor amounts to three decimal places, X.XXX.) PV of principal Value ( X Value X Now calculate the present value of the stated interest. (Enter factor amounts to three decimal places, X.XXX.) Semiannual interest PV of stated interest X Factor + rate % ) x ) x Finally, calculate the present value of bonds payable. PV of principal + PV of stated interest *** = P Factor PV of bonds payableOn January 1, 2020, Sabond issued a 5-year 12%, P10,000,000. Interest is payable annually every January 1. The yield rate for similar bonds is 15%. What is the interest expense for 2022?Your Company issued a $150,000 face value bond on January 1, 2020. The 20 year term bond was issued at 102 and had a 4% stated rate of interest that is payable on December 31st of each year. What is the annual interest expense? THIS IS NOT THE SAME AS CASH PAYMENT TO BOND HOLDER.
- On January 1, 2021, Callahan Auto issued $900,000 of 9%, 10-year bonds. Interest is payable semiannually on June 30 and December 31. What is the issue price if the bonds are sold to yield 8%? Follow the format shown in Present Value tables as you complete the requirement. If required, round your calculations and final answer to the nearest whole dollar.A $10 000 bond bearing interest at 5% payable semi-annually is redeemable at par on August 04, 2035. The bond is sold on March 24, 2021, to yield 5.3% compounded semi-annually. How much is the bond sold for? B I 2: II !!You pay $25.00 for a bond which can be redeemed in 20 years for $50.00. What annual ratedoes this bond pay?
- A $8,000 bond paying interest at 5% compounded semi-annually is redeemable on Sept. 1, 2026. The bond is purchased on December 8, 2014 to yield 7% compounded semi-annually. Calculate the purchase price.Temptation Vacations issues $60 million in bonds on January 1, 2021, that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below:Required:1. Were the bonds issued at face amount, a discount, or a premium?2. What is the original issue price of the bonds?3. What is the face amount of the bonds?4. What is the stated annual interest rate?5. What is the market annual interest rate?6. What is the total cash paid for interest assuming the bonds mature in 20 years?Carla Vista Inc. issued $920,000 of 10 - year, 3% bonds on January 1, 2024. Interest is to be paid semi-annually. The market interest rate was 4%. What is the face value of the bond? When will this be paid?
