15II buinPay E Gurpreet Singh Slapshot company issued $200,000, 10-year mortgage bonds to X Company at Par value. The bonds bear a contract rate of 12% and interest is paid semi-annually on January 1...


15II buinPay E<br>Gurpreet Singh<br>Slapshot company issued $200,000, 10-year mortgage bonds to X Company at Par value. The<br>bonds bear a contract rate of 12% and interest is paid semi-annually on January 1 and July 1.<br>The market rate of interest is 11%. Calculate the original issue price of bonds for X Company.<br>(Use present value factors to 6 decimal places, round your intermediate calculations to 2<br>decimal places and round your final answer to the nearest dollar.)<br>a. $211,950<br>b. $200,000<br>c. $143,404<br>d. $200,545<br>Answer<br>O A<br>D<br>Submit<br>

Extracted text: 15II buinPay E Gurpreet Singh Slapshot company issued $200,000, 10-year mortgage bonds to X Company at Par value. The bonds bear a contract rate of 12% and interest is paid semi-annually on January 1 and July 1. The market rate of interest is 11%. Calculate the original issue price of bonds for X Company. (Use present value factors to 6 decimal places, round your intermediate calculations to 2 decimal places and round your final answer to the nearest dollar.) a. $211,950 b. $200,000 c. $143,404 d. $200,545 Answer O A D Submit

Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here