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Compute the price of a bond with a Contract rate of 6.00%,15-year bonds with a par value of $370,000 and semiannual interest payments. The market
Compute the price of a bond with a Contract rate of 6.00%,15-year bonds with a par value of $370,000 and semiannual interest payments. The market rate for these bonds is 4.00%. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table value to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to neorest whole dollar omount:) A. First calculate the semi-annual interest payment omount below: B. Use the box below to compute the bond price-.. SHOW your Work!! Table B.1* Presed Value of 1 p=1/(+i)n Table B.3'Present Value of an Annuity of 1 P=[11/(1+i)n]/i C. Prepare the journal entry to record the bonds' issuance
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