AS.000, 5% bond redemacle al par wth interest payatie aly bougM 12 years betore atty Detere e pren docont and he pahase pnice of the hend he bond puchaned y (a N compended annualy b) 4% compounded aaly (a The Pord the tral aner to the nearest catt as needad. Hord al rtermed vks to si dana pleoes s neoded) The purchase price of he bond is s. Round the tral are to the narest cent as needed. Rourd al teredete vales to deci paces adad) b) The Round the fral arswor to the nearest cet a neodod Rourd al interedale values to s deamal pcesneeded) The purchase price of the bord isS Round the final answer to the neart cert an needed. Round all intermedate vakas to decinal pos as needed)

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 5P: Bats Corporation issued 800,000 of 12% face value bonds for 851,705.70. The bonds were dated and...
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AS26.000, 5% bond redeemabole at par with interest payable annualy is bought 12 years beform maturty Detemine the premium or diocount and the purchase price of the bond the bond is purchased to yieid
(a) 6N compounded annualy;
(b) 4% compoundod anvualy.
(a) The
is s
(Round the tral answer to the nearost cant as needod. Rourd al irtermediate values to six dacima pleces as neoded.
The purchase price of the bond is $.
(Round the fnal arswer to the nearest cent as needed. Rourd al intermediate vakes to decima places as noodid)
(b) The
(Round the final answor to the nearest cet as noodod. Round al intemediale values to s decimal places s needed.)
The purchase price of the bond is $
(Round the final answer to the nearest cent as needed. Round all intermediate valuos lo ix doinal plaos as needed.
Transcribed Image Text:AS26.000, 5% bond redeemabole at par with interest payable annualy is bought 12 years beform maturty Detemine the premium or diocount and the purchase price of the bond the bond is purchased to yieid (a) 6N compounded annualy; (b) 4% compoundod anvualy. (a) The is s (Round the tral answer to the nearost cant as needod. Rourd al irtermediate values to six dacima pleces as neoded. The purchase price of the bond is $. (Round the fnal arswer to the nearest cent as needed. Rourd al intermediate vakes to decima places as noodid) (b) The (Round the final answor to the nearest cet as noodod. Round al intemediale values to s decimal places s needed.) The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate valuos lo ix doinal plaos as needed.
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