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Birks Company is considering issuing bonds to fund a project.You have been asked to aid in determining the selling prices. Calculate the selling prices for

Birks Company is considering issuing bonds to fund a project.You have been asked to aid in determining the selling prices. Calculate the selling prices for each of the issuances being considered ( 1 and 2).

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Maturity Stated Interest Life of Issue Market Rate Value Interest Rate Payable (years) at Issue Date (per year) $200,000 10% Quarterly 5 12%Stated Market Rate Maturity Interest Rate Interest Life of Issue Value Payable (years) at Issue Date (per year) $200,000 none Annually 20 12%

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