157. Compute the amount of cash a company will receive from the following bond issues.
a) _______________ Issued $200,000 of 5-yr, 8% bonds at 98.
b) _______________ Issued $800,000 of 4-yr, 9% bonds at 95.
c) _______________ Issued $400,000 of 10-yr, 8% bonds at 102 ½.
d) _______________ Issued $100,000 of 5-yr, 12% bonds at 103.
158. Greenwood Company issued 150 $1,000, 6% bonds that mature in ten years. Interest is paid annually. The bonds were sold at 103 ½, and Greenwood amortizes bond discounts and premiums using the straight-line method.Calculate the amount of annual interest expense for Greenwood Co.
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