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help pls in solving this question. Point North Inc. issued bonds on September 1, 2020, with a par value of $350,000. The bonds mature in
help pls in solving this question.
Point North Inc. issued bonds on September 1, 2020, with a par value of $350,000. The bonds mature in 15 years and pa annual interest in two semiannual payments. On the issue date, the annual market rate of interest for the bonds turned a (Use TABLE 14A.1 and TABLE 14A.2.) (Use appropriate factor(s) from the tables provided.) a. What is the semiannual interest payment for these bonds? (Do not round intermediate calculations. Round the answe nearest whole dollar.) Size of semi-annual payment b. How many semiannual interest payments will be made on these bonds over their life? Number of payments c. Use the information about the interest rates to decide whether the bonds were issued at par, at a discount, or at a premium. Issued at a discount Issued at a premium Point North Inc. issued bonds on September 1, 2020, with a par value of $350,000. The bonds mature in 15 years and pa annual interest in two semiannual payments. On the issue date, the annual market rate of interest for the bonds turned a (Use TABLE 14A.1 and TABLE 14A.2.) (Use appropriate factor(s) from the tables provided.) a. What is the semiannual interest payment for these bonds? (Do not round intermediate calculations. Round the answe nearest whole dollar.) Size of semi-annual payment b. How many semiannual interest payments will be made on these bonds over their life? Number of payments c. Use the information about the interest rates to decide whether the bonds were issued at par, at a discount, or at a premium. Issued at a discount Issued at a premiumStep by Step Solution
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