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Company issued $300,000 10 year bonds on January 1, 2016. The bonds were issued at 104. How much cash did the company receive at the
Company issued $300,000 10 year bonds on January 1, 2016. The bonds were issued at 104. How much cash did the company receive at the issuance and how much will Company A have to repay at th retirement for marity of the bond assuming the interest payment has already been made Cash received $104,000, Repayment at maturity 5300,000 Cash received $104.000, Repayment at maturity - $312.000 Cash received 300.000: Repayment at maturity=5312.000 Cash received-5312,000, Repayment at maturity 300,000
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