Reference no: EM132454072
Problem - On January 1, 2011, Piper Co. issued 10-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are:
Present value of 1 for 10 periods at 10% .386
Present value of 1 for 10 periods at 12% .322
Present value of 1 for 20 periods at 5% .377
Present value of 1 for 20 periods at 6% .312
Present value of annuity for 10 periods at 10% 6.145
Present value of annuity for 10 periods at 12% 5.650
Present value of annuity for 20 periods at 5% 12.462
Present value of annuity for 20 periods at 6% 11.470
Required -
(a) Calculate the issue price of the bonds.
(b) Without prejudice to your solution in Part (a), assume that the issue price was $884,000. Prepare the amortization table for 2011, assuming that amortization is recorded on interest payment dates.
|
Compare and contrast the gospel of mark
: Compare and contrast the Gospel of Mark to One of the other 3 gospels, considering these points of Comparison:
|
|
Benefits of making animation video for your company-brand
: It's that simple, our eye is interested in that kind of content. It is comfortable to see animations and it explains everything in a more convenient way.
|
|
What is the principle reason that we establish governments
: According to some antigovernment groups, what is the principle reason that we establish governments?
|
|
What about the forum questions
: This is interesting, but what about the forum questions? What are some of the key differences between the 2004 and 2012 elections? Demographics?
|
|
Prepare the amortization table
: Assume that the issue price was $884,000. Prepare the amortization table for 2011, assuming that amortization is recorded on interest payment dates
|
|
What would the impact be if the market price for cassava
: What would the impact on your year one solution be if the Fat content of bananas was 25 g per kg instead of 0g per kg?What amount of each of the crops is grown
|
|
Make your post relevant to the topic at hand
: Do not wait until the last second to submit your response to the initial posting. Instead, leave enough time for your classmates to respond to your post
|
|
What is the best way to type a research paper
: What is the best way to type a research paper? I have a paper due on the geography of the Bermuda Triangle
|
|
Research evidence and professional expertise
: Compare, contrast, and critique the three sources of evidence-based practice, e.g., research evidence, professional expertise, and community beliefs.
|