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1 4 . 1 Interest is paid semiannually. Required: 1 - a . Determine the price of the bonds at January 1 , 2 0

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14.1 Interest is paid semiannually.
Required:
1-a. Determine the price of the bonds at January 1,2024.
1-b. Prepare the journal entry to record their issuance by Instaform.
2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1,2024.
2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform.
Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2,
prepare the journal entry to record the purchase by Broadcourt.
Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
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Req 3
Determine the price of the bonds at January 1,2024.
Note: Enter your answer in whole dollars.
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