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I NEED E-H ONLY A THROUGH D IS ALREADY ANSWERED. IF YOU ARE NOT GONNA DO E-H DONT ANSWER PLEASE. Problem 4 Taylor Corporation issued
I NEED E-H ONLY A THROUGH D IS ALREADY ANSWERED. IF YOU ARE NOT GONNA DO E-H DONT ANSWER PLEASE.
Problem 4 Taylor Corporation issued $1,000,000, 10-year, 6% bonds on lanuary 1, 2023. The bonds were issued 93 to yield an effective rate of 7%. Interest is payable annually on January 1. Financial statements are prepared annually on December 31". Show your work. Do Not Abbreviate. a. What is the Stated Rate of Interest? 6% b. What is the Market Rate of Interest? 790 c. Calculate the cash received from the sale of these bonds. 10W x 90790 - 030. d. Prepare the entry to record the sale of these bonds on 1/1/23 Account Titles Debit Credit 430.000 Lour count on bonds parole Bundy pasare e. Calculate the total interest to be accrued/paid annually on this bond issuance. f. Calculate the total cost to borrow on this bond issuance & Assume these bonds had been sold 101 instead of 992. Calculate the cash received from the sale of these bonds. h. Assume these bonds had been sold 101. Calculate the annual interest to be paid each year Step by Step Solution
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