ASSIGNMENT ON Bond payable PART A Company Ireland Blythe decides to issue bond payable to expand its business in fast growing region of the country. Below are some of the information concerning the bond issue. Par Value per bond Bonds issued Yield to Maturity Coupon Maturity Coupon payment $500 100 7% 5% 5 years Annually Required A. Calculate the single bond price [Bo] at issue B. Make an amortization schedule for the single bond C. Journalize the issue of all the bonds issued D. Journalize the first bond expense of this issuer [ must calculate the total expense] E. Journalize the first bond expense if the company decides to pay interest semi- annually F. Journalize the bond when the issue matures after 5 years. PART B Par Value Coupon Bo Maturity = $1000 = 8% = $1080 = 6 years Required G. Calculate the yield to maturity [YTM] of the bond H. Calculate the current yield of the bond above 1. Using the information above and the yield to maturity, is it a bond selling at discount or at premium? Note: If Bo is given instead of market value, we are assuming that the bond is properly valued on the market