Part 1 On April 1, 2023, ET Inc. has available for issue $730,000 bonds due in four years. Interest at the rate of 3.0% 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) a. b. C. Market Interest Issue Price of the Bonds Rate 4% 3% 2%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Part 1
On April 1, 2023, ET Inc. has available for issue $730,000 bonds due in four years. Interest at the rate of 3.0% 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 doller.)
a.
ان
فا
b.
Market Interest
Rate
4%
3%
2%-
Issue Price of the
Bonds
Transcribed Image Text:Part 1 On April 1, 2023, ET Inc. has available for issue $730,000 bonds due in four years. Interest at the rate of 3.0% 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 doller.) a. ان فا b. Market Interest Rate 4% 3% 2%- Issue Price of the Bonds
Port 2
On October 1, ET Inc. has available for issue a $291,000 bond due in eight years. Interest at the rate of 3.0% 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)
a.
b.
t
Market Interest
Rate
2%
3%
3.75%
Issue Price of the
Bonds
Transcribed Image Text:Port 2 On October 1, ET Inc. has available for issue a $291,000 bond due in eight years. Interest at the rate of 3.0% 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) a. b. t Market Interest Rate 2% 3% 3.75% Issue Price of the Bonds
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