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1.Assume that on 1/01/2018 Bieber Corp issues 4-year bonds with a face value of $8 mil and a coupon interest rate of 5% with interest
1.Assume that on 1/01/2018 Bieber Corp issues 4-year bonds with a face value of $8 mil and a coupon interest rate of 5% with interest payable annually on 12/31 and maturing on 12/31/2021 (both current interest and principle will be repaid on that date).
Calculate a amortization tables for each part assuming that:
A.the market rate at issuance was 6%,
B.the market rate at issuance was 4%
Please show all work so I can see where I went wrong on my calculations.
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