Jordan paid a full price of $1,059.04 each for 77 bonds. The purchase was between coupon dates, and accrued interest was $11.45 per bond. The flat price of each bond is closest to   A.   $1,047.59.   B.   $1,059.04.   C.   $1,070.49.   D.   $1,099.41.

Q: A $294,000 bond was redeemed at 104 when the carrying value of the bond was $349,000. The entry to…

A: Par value of the bond = $294,000 Redemption value = $294,000 * 104% = $305.760 Carrying value of the…

Q: On January 1, a company issued and sold a $320,000, 5%, 10-year bond payable, and received proceeds…

A: Bonds payable means liability incurred in business. There can be long term bonds or short term…

Q: 15. A 25,000 4% bond with interest payable annually will mature on May 1, 1998. The date of purchase…

A: As per the given information: Amount of bond - 25,000 Interest rate - 4% payable annually Purchase…

Q: On March 1, Wayne Michaels bought 10 bonds from a particular company with a coupon rate of 9.325%.…

A: Coupon rate = 9.325% Purchase Price = 89.875 commission = $9

Q: On May 1st, Emerson Fast bought 10 Manitoba Polar bonds with a coupon rate of 7.875%. The purchase…

A: Workings:   Purchase price per bond = $ 101.375 Commission per bond = $ 8

Q: On March 1, Wayne Michaels bought 10 bonds from a particular company with a coupon rate of 9.925%.…

A: Current yield is the division of coupon rate and purchase price. Total purchase price is the product…

Q: Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 6.25 and a current…

A: Bonds are debt securities issued by Government or other companies, who seek to raise money from…

Q: Pinetop Corporation issued $153,000 of 8-year bonds at par. The bonds have a stated rate of 7% and…

A: The bonds payable are issued by the company to raise funds for long-term purposes.

Q: 4) Dolby, Inc. issued a $5,000 face value, 10% , five-year bond at 96. What will be the journal…

A: Bond discount means that the bonds which the company issues to the bond holders are sold out at the…

Q: On January 1, 2018, Wauwatosa Inc. issued 5- year bonds with a fave value of $200,000 and a stated…

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

Q: A $300K bond was redeemed at 98 when the carrying value of the bond was $292K.  The Journal entry…

A: Gain (Loss) om redemption of bonds = Carrying value of bonds - Redemption value of bonds = $292,000…

Q: On March 1, Wayne Michaels bought 10 bonds from a particular company with a coupon rate of 9.325%.…

A: Given, Number of bonds bought is 10 Coupon rate 9.325% Purchase price 89.875

Q: Jamshed purchased six $1022 bonds at a closing rate of 113%. If the brokerage is $5 per bond, then…

A: Brokerage per bond = 5 Face Value of bond = 1022 Closing Price = Face Value × 113% = 1022 × 113% =…

Q: Determine the interest payment for the following three bonds. (Assume a $1,000 par value.) (Round…

A: Introduction:- A bond is a type of investment that is frequently used in mutual funds and individual…

Q: two $ 1,000 bonds, bearing 6% premium payable January 1 and July 1, at 98. Track down his all out…

A: given: Thomas Long bought two $ 1,000 bonds, 6% premium payable financier expense of $ 5 per bond.…

Q: A $294,000 bond was redeemed at 98 when the carrying amount of the bond was $286,650. The entry to…

A: Proceeds from redemption  = $294,000 * 98/100 = $288,120

Q: Use the following to answer questions 8 – 10 (Round answers to the nearest dollar) BZ Corp issues…

A:

Q: Determine the interest payment for the following three bonds. (Assume a $1,000 par value.) (Round…

A: Bonds: Bonds are the liabilities of the company which is issued to raise the funds required to…

Q: On March 1, Wayne Michaels bought 10 bonds from a particular company with a coupon rate of 9.925%.…

A: Yield refers to the expected return on the underlying security. Investors periodically calculate the…

Q: Krystian Inc. issued 12-year bonds with a face value of $150,000 and a stated rate of 4% when the…

A: Formula: Total cash flows = Principal + Interest

Q: $510,000 bond issue sold for $483,000. Therefore, the bonds sold: Multiple Choice O о O O for the…

A: Bonds-  A bond is a contract in which the issuer commits to pay periodical coupons in exchange for…

Q: Treehouse Inc. issued $800,000 of 5%, 10-year bonds when the market rate was 4%. They received…

A: Bonds are the securities issued by the entity for the purpose of raising funds from the market. It…

Q: A $ 25, 000, 5% bond payable semi-annually is purchased seven years before maturity. Calculate the…

A: Solution:- Bonds are the securities issued by the corporations and governments, under which the…

Q: 9. Bonds with a face value of $500,000 and a quoted price of 97% have a selling price of a.…

A: Face value = $500,000 Quoted Price = 971/4 = 97.25

Q: 3. If bonds are issued at 101.25, this means that a.a $1,000 bond sold for $1,012.50. b.the bonds…

A: If a bond is issued more than 100, then it is called as premium. This bond is issued at premium,…

Q: On March 1, Wayne Michaels bought 10 bonds from a particular company with a coupon rate of 9.725%.…

A: Current yield=Annual interestCurrent market price×100 Total purchase price=Price per bond×Number of…

Q: Your company sells $130,000 of bonds for an issue price of $137,800. Which of the following…

A: Given the following information: Bonds face value: $130,000 Bonds selling price: $137,800

Q: A $7,000; 9% bond is sold at 93. When the bond is issuede the Cash account will be incerased by :…

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

Q: Sagar

A: 4.55 percent coupon corporate bond (paid semiannually)Interest Payment = (Par Value * Coupon Rate)/…

Q: Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 8.75 and a current…

A: Introduction: A commission is a payment made by an employee based on the sale of a product or…

Q: Determine the interest payment for the following three bonds. (Assum $1,000 par value.) (Round your…

A: Each bond there are coupon to be paid semi annually or annually depending on the interest rate…

Q: Jamshed purchased six $1168 bonds at a closing rate of 112.88%. If the brokerage is $5 per bond,…

A:

Q: Find the total proceeds (in $) from the sale of 30 bonds with a coupon rate of 8.75 and a current…

A: Consider the provided question, Given that, number of bonds = 30 Coupon rate = 8.75% current price =…

Q: A $300,000 bond was redeemed at 104 when the carrying amount of the bond was $316,000. The entry to…

A: Total amount paid for bond redemption  = $300,000×104% =$312,000