Question
How can I calculate interest payment and issue price in Excel? Bond Discount Problem: On January 1, 2017, Waterfall Lodge & Amusement Park issued $6,000,000
How can I calculate interest payment and issue price in Excel?
Bond Discount Problem:On January 1, 2017, Waterfall Lodge & Amusement Park issued $6,000,000 of 6% bonds, due in 10 years. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31 each year.
| W18 | ||
| Face amount | $ 6,000,000.00 | |
| Interest payment | ||
| Market interest rate per period | 3.5% | |
| Number of periods | 20 | |
| Issue price | ||
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Quality Audit Standard Requirements
Authors: Gerardus Blokdyk
1st Edition
0655170898, 978-0655170891
