Question

Bonds Homwork Help Please 🙂

Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2012, the company issues $2,000,000 of 8% bonds, due in 10 years, withinterest payable semiannually on June 30 and December 31 each year.

If the market interest rate is 8%, the bonds will issue at $2,000,000. Record the bond issue on January 1, 2012, and the first two semiannual interest payments on June30, 2012, and December 31, 2012

If the market interest rate is 9%, the bonds will issue at $1,869,921. Record the bond issue on January 1, 2012, and the first two semiannual interest payments on June30, 2012, and December 31, 2012.

If the market interest rate is 7%, the bonds will issue at $2,142,124. Record the bond issue on January 1, 2012, and the first two semiannual interest payments on June30, 2012, and December 31, 2012.

Please show work so i can understand how to do it thanks.

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