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Accounting, bond at par Citywide Company issues bonds with a par value of $150,000 on their stated issue date. The bonds mature in five years
Accounting, bond at par
Citywide Company issues bonds with a par value of $150,000 on their stated issue date. The bonds mature in five years and pay 10% annual interest in semiannual payments. On the issue date, the annual market ezies ies % Table B.1, Table B.2, Table B.3, 33rtti Table B.41 (Use appropriate factor( from the tables provided.) 1. What is the amount of each semiannual interest payment for these bonds? Semiannual Rate Semiannual cash interest payment Par (maturity) value 50,000 x 59 -S 7,500 2. How many semiannual interest payments will be made on these bonds over their life? Number of payments 10Step by Step Solution
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