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Determining Bond Features and Selling Price On January 1, 2020, the following debt was authorized and issued by Anderson Company. 1. $90,000, 8-year, 10%

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Determining Bond Features and Selling Price On January 1, 2020, the following debt was authorized and issued by Anderson Company. 1. $90,000, 8-year, 10% convertible bonds payable, cash interest payable semiannually to yield 11%. 2. $18,000, 8-year, 8% note payable, cash interest payable semiannually to yield 7.5%. 3. $54,000, 10-year, zero-interest-bearing bonds to yield 9% annually. Required Complete the following table related to the three debt issuances. Note: Enter the percentages rounded to two digits after the decimal; enter 2.04 for 2.044% or 2.05 for 2.045%. Note: Round dollar amounts to the nearest dollar. For each debt, indicate the following: a. Face value. b. Stated rate per interest period. 1 2 3 $ 90,000 $ 18,000 $ 54,000 5 4 %8 0 c. Stated interest amount per interest period. $ 4,500 $ 720 $ 0 d. Market rate per interest period. 5.5 3.75 %8 9 e. Number of interest periods over life of the bonds. f. Selling price. 16 90,000 x $ 16 10 18,534 $ 22,810 g. Maturity date. Jan. 1, 2025 Jan. 1, 2028 Jan. 1, 2030 h. Authorization date. Jan. 1, 2020 Jan. 1, 2020 Jan. 1, 2020

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