Concord Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Issue price of the bonds   $enter the issue price of the bonds rounded to 0 decimal places

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A: Number of half years=10×2=20 half-years

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Q: interest at the rate of 10%. The current market rate of interest is 12%. What is the issue (selling)…

A: To calculate the issue (selling) price of the bonds, we can use the present value formula. The…

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A: Bond price will be the aggregate of present value of all coupon payments and present value of face…

Q: Oriole Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable semiannually.…

A: Issue price of bonds would be the present value of the interest annuity & maturity amount at…

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A: When the issue price of the bond is higher than its face value, the bonds are said to be issued at a…

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A: Bonds are issued by large organizations such as corporations, municipal organizations, state or…

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A: The price for bond implies to the consideration amount paid by investor for purchasing bond. In…

Q: Culver Corporation issues $450,000 of 8% bonds, due in 9 years, with interest payable semiannually.…

A: Issue price of the bonds = Present value of principal + Present value of interest payments where,…

Q: Enviro Company issues 8.50%, 10-year bonds with a par value of $260,000 and semiannual interest…

A: Bond :— It is one of the type of securities that pays fixed periodic interest and face value at the…

Q: Pina Corporation issues $590,000 of 9% bonds, due in 10 years, with interest payable semiannually.…

A: Bonds is a long-term debts issued by the government and companies to raise funds for their…

Q: Tarheel Inc., a calendar yearend company, issued bonds on 1/nX1. It uses the effective interest…

A:

Q: Bonita Corporation issues $470,000 of 9% bonds, due in 9 years, with interest payable semiannually.…

A:

Q: Pinetop Corporation issued $153,000 of 12-year bonds at par. The bonds have a stated rate of 5% and…

A: Bonds payable are one of the sources of finance and are shown as liability. If the interest rate is…

Q: Ivanhoe Corporation issues $570,000 of 9% bonds, due in 10 years, with interest payable…

A: Issue price of the bonds = Present value of principal + Present value of interest payments where,…

Q: Pharoah Technologies Ltd. issued bonds with a face value of $72,000,000 that mature in 15 years. The…

A: The bond amortization table refers to the tabular representation of the schedule of repayment of the…

Q: Oriole Corporation issues $570,000 of 9% bonds, due in 10 years, with interest payable semiannually.…

A: Issue price of the bonds = Present value of principal + Present value of interest paymentswhere,…

Q: 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the…

A: A Bond is a debt security which is issued by the borrower to the lender. The lender is known as…

Q: When the market rate of interest was 12%, Halprin Company issued $654,000, 11%, 4-year bonds that…

A: To calculate the selling price of the bonds, we can use the formula for present value of a bond:\[…

Q: Wildhorse Inc. issues $3,100,000 of 7% bonds due in 10 years with interest payable at year-end. The…

A: Face Value = fv = $3,100,000Coupon Rate = c =  7%Time = t = 10Interest Rate = r = 12%

Q: NoleCo issues bonds on January 1, 20X1. The bonds mature ten years from this date and pay interest…

A: Amortization of bond discount adjustment would be result in increase in carrying value.

Q: Brin Company issues bonds with a par value of $590,000. The bonds mature in 5 years and pay 9%…

A: Semiannual interest = Face value of bonds x rate of interest x no. of months/12 = $590,000 x 9% x…

Q: Citywide Company issues bonds with a par value of $85,000. The bonds mature in seven years and pay…

A: Bonds are debt securities that offer investors fixed interest payments and principal repayment at…

Q: Bonita Corporation issues $590,000 of 9% bonds, due in 9 years, with interest payable semiannually.…

A: Calculate the cash interest payment for bonds.

Q: Ellis Company issues 6.5%, five-year bonds dated January 1, 2021, with a $250,000 par value. The…

A: Bonds: Bond is a debt security.The amount of interest is paid on bond.  Bond amortization:…

Q: Splish Inc. issues $3,700,000 of 7% bonds due in 12 years with interest payable at year-end. The…

A: Current price of the bond is the present value of future payments to be received. Future payments…

Q: Tano Company issues bonds with a par value of $87,000 on January 1, 2021. The bonds' annual contract…

A: Introduction: Bonds are issued to finance ongoing maintenance as well as infrastructure upgrades.…

Q: When the market rate of interest was 12%, Halprin Corporation issued $604,000, 11%, five-year bonds…

A: It is pertinent to note that the issue price of the bond is the present value of all the interest…

Q: Pharoah Corporation issues $420,000 of 11% bonds that are due in 11 years and pay interest…

A: Current Bond Price is that amount which is calculate with the help of present value of future…

Q: Brin Company issues bonds with a par value of $590,000. The bonds mature in 5 years and pay 9%…

A: The objective of the question is to calculate the issue price of the bonds and prepare the journal…

Q: Blue Corporation issues $410,000 of 9% bonds, due in 11 years, with interest payable semiannually.…

A: The price of a bond, often referred to as its "bond price" or "market price," is the amount an…

Q: Amount received by Splish when bonds were issued

A: Computation of amount received by Splish on issue of bonds shall be shown below :

Q: Monty Corporation issues $460,000 of 9% bonds, due in 9 years, with interest payable semiannually.…

A: Price of bond is the sum of the present value of coupon payments and present value of the par value…

Q: Sunland Railroad Co. is about to issue $286,000 of 9-year bonds paying an 11% interest rate, with…

A: One kind of security is a bond. Securities are financial tools that signify ownership in a business…

Q: Pharoah Corporation issues $460,000 of 9% bonds, due in 10 years, with interest payable…

A: Compound = Semiannually = 2Face Value = fv = $460,000Coupon Rate = c = 9 / 2 = 4.5%Time = t = 10 * 2…

Q: Citywide Company issues bonds with a par value of $71,000. The bonds mature in nine years and pay…

A: The objective of the question is to calculate the issue price of the bonds and prepare the journal…

Q: Pina Corporation issues $450,000 of 8% bonds, due in 9 years, with interest payable semiannually. At…

A: Price / Present Value can be calculated using PV function in excelPV (rate, nper, pmt, [Fv],…

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