Illustration: Alltech Corporation on January 1, 2017, issues $100,000 of 5% bonds due in 5 years with interest payable annually at year-end. The current market rate of interest for bonds of similar risk is 6%. What will the buyers pay for this bond issue?
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- Krystian Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 4% when the market rate was 6%. Interest was paid semi-annually. Calculate and explain the timing of the cash flows the purchaser of the bonds (the investor) will receive throughout the bond term. Would an investor be willing to pay more or less than face value for this bond?Blossom Inc. issued $884,000 of 10-year, 3% bonds on January 1, 2024. Interest is to be paid semi-annually. The market interest rate was 4%. (a) Your answer is partially correct. What is the face value of the bond? When will this be paid? Face value of the bond $ When will it be paid January 1, 2034i need the answer quickly
- How would I do this?2. A 15-year $12,000 bond at 5.2% compounded semi-annually was issued on May 15, 2015. The bond is purchased on February 26, 2018 to yield 4.1% compounded semi-annually. a. What is the purchase (flat) price of the bond? b. What is the accrued interest? c. What is the quoted price of the bond? d. What is the quoted price as a percentage of face value?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?
- hardikNeed help with this questionLA Fitness Company issued a $10,000,000, 5-year, 7% callable bond on January 1, 2018, when the market rate of interest was 7%. The bonds will pay interest semiannually. What is the amount of the semiannual interest payments? If the Company calls the bonds due at 99 on December 31, 2020, what would be the gain/loss the Company would record?
- On January 1, 2024, Tableau Company issues $20 million of 9% bonds, due in six years, with interest payable semiannually on June 30 and December 31 each year. Use a financial calculator or Excel. Required: 1. If the market rate is 8%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price. 2. If the market rate is 9%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price. 3. If the market rate is 10%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price. Help Save & (Do not round intermediate calculations. Round final answer to the nearest dollar amount. Enter your answer in dollars, not in millions.) 1. The bonds issue at 2. The bonds issue at 3. The bonds issue at and the issue price is and the issue price is and the issue price isOn June 30, 2024, Single Computers issued 6% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2039 (15 years). The market rate of interest for similar bond issues was 5% (2.5% semiannual rate). Interest is paid semiannually (3%) on June 30 and December 31, beginning on December 31, 2024. Note: Use tables, Excel, or a financial calculator. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) Required: 1. Determine the price of the bonds on June 30, 2024. 2. Calculate the interest expense Single reports in 2024 for these bonds using the effective interest method.1.