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Clarke Corpotation issued $800,000 of 14%,10 year bonds payable on January 1,2022 . The murket intecest rate at the date of issuance was 12%, and
Clarke Corpotation issued $800,000 of 14%,10 year bonds payable on January 1,2022 . The murket intecest rate at the date of issuance was 12%, and the bonds pay interest semannually (on June 30 and December 31 ). Clarke Corporation's year-end is June 30 Read the 1. Using the PV sunction in Excel, calculate the lasue price of the bonds. (Round your answet to the nearest whole dollar.) The issue price of the bonds is Requirements 1. Using the PV function in Excel, calculate the issue price of the bonds 2. Prepare an efective-interest amotcration table for the bonds through the frst three interest payments Round amounts to the noarest dollar 3. Record Clarke Corporationis issuance of the bonds on January 1,2022, and payment of the frut seminnual interest amount and amortization of the bend premunt on bune 30, 2022 Explanations are not requiced. Clarke Corpotation issued $800,000 of 14%,10 year bonds payable on January 1,2022 . The murket intecest rate at the date of issuance was 12%, and the bonds pay interest semannually (on June 30 and December 31 ). Clarke Corporation's year-end is June 30 Read the 1. Using the PV sunction in Excel, calculate the lasue price of the bonds. (Round your answet to the nearest whole dollar.) The issue price of the bonds is Requirements 1. Using the PV function in Excel, calculate the issue price of the bonds 2. Prepare an efective-interest amotcration table for the bonds through the frst three interest payments Round amounts to the noarest dollar 3. Record Clarke Corporationis issuance of the bonds on January 1,2022, and payment of the frut seminnual interest amount and amortization of the bend premunt on bune 30, 2022 Explanations are not requiced
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