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4. In Jan 1, 2024 XYZ issued a 5-Year $1M bond at 6% coupon rate with interest payable semi-annually for $1,089,826. The current market rate
4. In Jan 1, 2024 XYZ issued a 5-Year $1M bond at 6% coupon rate with interest payable semi-annually for $1,089,826. The current market rate was 4%. SHOW all calculations and prepare ALL Journal Entries for the bond in 2024. (Note: the formula to calculate PV is PV = FV / (1+i%)^n) (18 marks) 
4. In Jan 1, 2024XYZ issued a 5 -Year $1M bond at 6% coupon rate with interest payable semi-annually for $1,089,826. The current market rate was 4%. SHOW all calculations and prepare ALL Journal Entries for the bond in 2024. (Note: the formula to calculate PV is PV=FV/(1+i%)n)(18 marks )
4. In Jan 1, 2024 XYZ issued a 5-Year $1M bond at 6% coupon rate with interest payable semi-annually for $1,089,826. The current market rate was 4%. SHOW all calculations and prepare ALL Journal Entries for the bond in 2024. (Note: the formula to calculate PV is PV = FV / (1+i%)^n) (18 marks)
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