1Mc Donald's sells a $300,000 bond at par on August 17, 2021. The bond is due in 20 years. The bond pays 6% interest twice per year on Jun 1st and on Dec 1st.

At what amount should the bond sell for? Please journalize the bond at the time that it is issued.

2On January 1, 2021,The ABC Company issues a $50,000, 5 year 12% bond. Interest is payable twice per year. The market rate is 10%.

Calculate the price of this bond. Journalize the bond when it is sold.

3A company intends to issue 20 year bonds with a face value of $1,000. The bonds carry a coupon rate of 9%, and interest is paid semiannually. On the issue date, the market interest for bonds issued by other companies was 12%.

Please compute the price of the bond on the date of issue.

Please journalize the issuance of the bond