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For 4 - 6 use the following: The company issues 6% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The
For 4 - 6 use the following: The company issues 6% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 6.2%. % PV PVA | 10 L 6.00% 0.55839 7.3601 6.20% 0.54797 7.2908 20 3.00% / 0.55368 14.8775 20 | 3.10% 1 0.54303 | 14.7409 10 4. What is the issue price of the bond? $. 5. What is the interest expense for the first interest payment? $. 6. What is the bond liability after the first interest payment? $_
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