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QUESTION
On 1/1/2010 a company issued five yr bonds with a face value of $400000.00 a stated interest rate of 12% payable semiannually on July 1 January...
On 1/1/2010 a company issued five yr bonds with a face value of $400000.00 & a stated interest rate of 12% payable semiannually on July 1 & January 1. The bonds were sold to yield 10%. Present value table factors are: PV of 1 for 5 periods at 10%......629092, PV of 1 for 5 periods at 12%.......56743, PV of an ordinary annuity of 1 of 5 periods is 10%......3.79079
