Question
8. If $250,000 of 15-year, 5% bonds are issued and dated on January 1, 2014, call for semiannual interest payments on January 1 and July
8. If $250,000 of 15-year, 5% bonds are issued and dated on January 1, 2014, call for semiannual interest payments on January 1 and July 1, and yield 6%, their issue price is: a. $255,356 b. $230,653 c. $225,499 d. $268,647
9. If $250,000 of 15-year, 6% bonds are issued and dated on January 1, 2014, call for semiannual interest payments on January 1 and July 1, and yield 5%, their issue price is: a. $225,356 b. $240,653 c. $260,193 d. $276,163
10. If $200,000 of 10-year, 10% bonds are issued and dated on January 1, 2014, call for semiannual interest payments on January 1 and July 1, and yield 10%, the present value of the annuity alone is: a. $122,891 b. $200,000 c. $20,000 d. $124,622
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
22nd Edition
126059808X, 978-1260598087
