Homework $($i

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On June $30,2024,$ Single Computers issued $8\%$ stated rate bonds with a face amount of $$100$ million. The bonds mature on June $30,2039(15$ years$).$ The market rate of interest for similar bond issues was $5\%(2\mathrm{.}5\%$ semiannual rate$).$ Interest is paid semiannually $(4\mathrm{.}0\%)$ on June $30$ and December $31,$ beginning on December $31,2024.$

Note: Use tables, Excel, or a financial calculator. $($EV of $$1.$ PV of $$1,$ FVA of $$1.$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

Determine the price of the bonds on June $30,2024$

Calculate the interest expense Single reports in $2024$ for these bonds using the effective interest method.

Complete this question by entering your answers in the tabs below.

Required $1$ Required $2$

Determine the price of the bonds on June $30,2024$

Note: Round percentage answers to one dedmal place, Round your final answers to nearest whole dollar amount, not in millions.

$\backslash$table$[[$Table vafues are based on:$],[,,],[,,],[$Cash Flow,Amount,Present Value$],[\backslash$table$[[$Cash Flow$],[$Interest$]]],[\backslash$table$[[$Interest$],[$Principal$]]],[$Price of bonds,,$]]$

$10$ of $10$ Next

Aeopered :

Amene $2$

$\backslash$table$[[$Felodfad$,\backslash$table$[[$Cash neterent$],[$reut$]],\backslash$table$[[$Eand warest$],[$riperset$]],$hertigution,Cempling Wake$],[06702004,,,,],[12342004,,,3,]]$