Bond No. 1:

A $300,000 20year, 8% bond. Interest payable 2X per year. Market rate is 8%

Bond No. 2

A $200,000, 10 year, 10% bond, interest is payable annually. Market rate is 9%

Bond No. 3 ,

A $100,000 5 year, 8% bond, interest payable 3 X per year, Market rate is 12%

For each bond, you are to calculate what the bond should sell for.

show calculations

journalize the bonds on the day they are sold

Create an Effective Interest Table for each bond

Journalize the 2nd interest payment for each bond