On April 1, 2023, ET Inc. has available for issue $299,000 bonds due in four years. Interest at the rate of 3.5% is to be paid quarterly Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Market Interest Issue Price of the Bonds Rate a. 4.5% b. 3.5% C. 2.5% Part 2 On October 1, ET Inc. has available for issue a $334,000 bond due in eight years. Interest at the rate of 3.5% is to be paid semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Market Interest Issue Price of the Rate Bonds a. 2.5% b. 3.5% C. 4 25%
On April 1, 2023, ET Inc. has available for issue $299,000 bonds due in four years. Interest at the rate of 3.5% is to be paid quarterly Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Market Interest Issue Price of the Bonds Rate a. 4.5% b. 3.5% C. 2.5% Part 2 On October 1, ET Inc. has available for issue a $334,000 bond due in eight years. Interest at the rate of 3.5% is to be paid semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Market Interest Issue Price of the Rate Bonds a. 2.5% b. 3.5% C. 4 25%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
am.800.
Transcribed Image Text:On April 1, 2023, ET Inc. has available for issue $299,000 bonds due in four years. Interest at the rate of 3.5% is to be paid quarterly
Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the
nearest whole dollar.)
Market Interest Issue Price of the
Bonds
Rate
a.
4.5%
b.
3.5%
C.
2.5%
Part 2
On October 1, ET Inc. has available for issue a $334,000 bond due in eight years. Interest at the rate of 3.5% is to be paid
semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final
answers to 2 decimal places.)
Market Interest
Issue Price of the
Rate
Bonds
a.
2.5%
b.
3.5%
C.
4 25%
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