Question

M Corporation issues $460,000 of 9% bonds, due in 11 years, with
interest payable semiannually. At the time of issue, the market
rate for such bonds is 10%.

*see the future value/present value factor table*

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 |

Answer #1

Windsor Corporation issues $570,000 of 9% bonds, due in 10
years, with interest payable semiannually. At the time of issue,
the market rate for such bonds is 10%.
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

Kingbird Inc. issues $2,085,900 of 9% bonds due in 12 years with
interest payable at year-end. The current market rate of interest
for bonds of similar risk is 10%. Click here to view factor tables
What amount will Kingbird receive when it issues the bonds? (Round
factor values to 5 decimal places, e.g. 1.25124 and final answers
to 0 decimal places, e.g. 458,581.)
Amount received by Kingbird when bonds were issued?

Waterway Inc. issues $2,117,200 of 8% bonds due in 12 years with
interest payable at year-end. The current market rate of interest
for bonds of similar risk is 9%.
Click here to view factor tables
What amount will Waterway receive when it issues the bonds?
(Round factor values to 5 decimal places, e.g. 1.25124
and final answers to 0 decimal places, e.g.
458,581.)
Amount received by Waterway when bonds were issued
$_________

On January 1, 2018, Water Wonderland issues $10 million of 9%
bonds, due in nine years, with interest payable semiannually on
June 30 and December 31 each year. Use Table 2 and Table 4.
1. If the market rate is 8%, will the bonds issue at face
amount, a discount, or a premium? Calculate the issue price. (Round
"PV Factor" to 5 decimal places. Round other intermediate
calculations and final answer to the nearest dollar amount. Enter
your answer in...

Using the appropriate interest table, compute the present values
of the following periodic amounts due at the end of the designated
periods.
$52,480 receivable at the end of each period for 8 periods
compounded at 11%. (Round factor values to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
458,581.)
Present value
$52,480 payments to be made at the end of each period for 17
periods at 10%. (Round factor values to 5 decimal
places, e.g....

$51,270 receivable at the end of each period for 8 periods
compounded at 11%. (Round factor values to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
458,581.)
Present value
$ enter the present value in dollars rounded to 0 decimal
places
$51,270 payments to be made at the end of each period for 16
periods at 9%. (Round factor values to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
458,581.)...

Waterway Railroad Co. is about to issue $460,000 of 6-year bonds
paying an 7% interest rate, with interest payable semiannually. The
discount rate for such securities is 8%.
Click below to view the factor tables.
Table 1. Future Value of 1
Table 2. Future Value of an Annuity of 1
Table 3. Present Value of 1
Table 4. Present Value of an Annuity of 1
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
In...

Spiller Corp. plans to issue 12%, 5-year, $460,000 par value
bonds payable that pay interest semiannually on June 30 and
December 31. The bonds are dated December 31, 2019, and are issued
on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use
appropriate factor(s) from the tables provided. Round your "Table
value" to 4 decimal places and final answers to nearest whole
dollar.) If the market rate of interest for the bonds is...

Using the appropriate interest table, answer each of the
following questions. (Each case is independent of the others.)
Click here to view factor tables
What is the future value of $7,020 at the end of 7 periods at 8%
compounded interest? (Round factor values to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
458,581.)
The future value
$enter the future value in dollars rounded to 0 decimal
places
eTextbook and Media
Click here to view...

Whispering Inc. issues $4,200,000 of 7% bonds due in 12 years
with interest payable at year-end. The current market rate of
interest for bonds of similar risk is 12%.
What amount will Whispering receive when it issues the
bonds?
(For calculation purposes, use 5 decimal places as displayed in
the factor table provided and final answer to 0 decimal places,
e.g. 458,581.)
Amount received by Whispering when bonds were issued ——$

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