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4 1. Milstead Corporation is planning to issue bonds with a face value of $800,000 and a coupon rate of 4%. The bonds mature in
4 1. Milstead Corporation is planning to issue bonds with a face value of $800,000 and a coupon rate of 4%. The bonds mature in 5 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Assume an annual market rate of interest of 6% (Use the appropriate factor(s) from the tables provided. Round up your final answer to whole dollars) X 00:13:35 3) What bonds payable amount will Milstead report on its June 30 balance sheet? (5 points) Numeric Response
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