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Hello. I need help with 11-12 and 11-13. Please do both problems. Thank you! Appendix 1 EX 11-12 Present value of bonds payable; discount Pinder
Hello. I need help with 11-12 and 11-13. Please do both problems. Thank you! Appendix 1 EX 11-12 Present value of bonds payable; discount Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder issued $25,000,000 of five-year, 7% bonds, with interest payable semiannually, at a market (ef- fective) interest rate of 9%. Determine the present value of the bonds payable, using the present value tables in Exhibits 5 and 7. (Round to the nearest dollar.) Appendix1 EX 11-13 Present value of bonds payable; premium Moss Co. issued $42,000,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%. Determine the present value of the bonds payable using the present value tables in Exhibits 5 and 7. (Round to the nearest dollar.)
Hello. I need help with 11-12 and 11-13.
Please do both problems. Thank you!
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