Ch $14$ for marks Part $1$ of $2$

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$2$ Mindsetta Music Inc. issued bonds on March $1,2023,$ with a par value of $$350,000.$ The bonds mature in $15$ years and pay $10\mathrm{.}50\%$ annual interest in two semiannual payments. On the issue date, the annual market rate of interest for the bonds turned out to be $14\%.($Use Table $14$A$\mathrm{.}1$ and Table $14$A$\mathrm{.}2.)($Use appropriate factor$($s$)$ from the tables provided.$)$

a$.$ What is the size of the semiannual interest payment for these bonds?

$\backslash$table$[[$eBook$],[$Print$],[$References$]]$

Size of semiannual payment $$18,375$

b$.$ How many semiannual interest payments will be made on these bonds over their life?

Number of payments $,30$

c$.$ Use the information about the interest rates to decide whether the bonds were issued at par, at a discount, or at a premium.

Issued at a discount

Issued at a premium

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