Solution-Determining the interest payment paid

Determining the interest payment paid

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Reference no: EM131446571

On June 1, 2016 a 3-year bond was issued to a private investor to fund an international expansion. The bond had a face value of $800,000 and makes quarterly interest payments of $24,000 (the first payment was made on time on September 1, 2016). The bond was sold for $841,031. Also - 123 Inc.'s CEO just attended a corporate finance seminar and learned about bond yields, she would like you to calculate the yield that her company's bonds' offer. Hint: you need to show the journal entries required for the 2016 and 2017 fiscal year ends, and for each interest payment paid in 2016 and 2017.

Reference no: EM131446571

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Determining the interest payment paid : The bond was sold for $841,031. Also - 123 Inc.'s CEO just attended a corporate finance seminar and learned about bond yields, she would like you to calculate the yield that her company's bonds' offer. Hint: you need to show the journal entries r..

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Determining the interest payment paid

Reference no: EM131446571

Reference no: EM131446571

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