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I need the answer for bottom Bringham Company issues bonds with a par value of $560,000 on their stated issue date. The bonds mature in
I need the answer for bottom
Bringham Company issues bonds with a par value of $560,000 on their stated issue date. The bonds mature in 8 yeers and annual interest in semiannual payments On the issue date, the annual market rate for the bonds is 10% gable Bl Table B 2 and Iable B.4) (Use appropriate factors) from the tables provided.) 1. What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. 4. Compute the price of the bonds as of their issue dete 5. Prepare the journal entry to record the bonds issuance Complete this question by entering your answers in the tabs below Req 1 to 3 Req 4 Req 5 What is the amount of each serniannual interest payment for these bonds? How many semiannual interest payments will be made on these bonds over their life? Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. Semiannual cash interest payment Par (maturity) value Rate 560,000 3.5% 19,600 Number of payments Whether the bonds are issued at par at a discount or at a premium? Req4 > delT tu gelel whether the bonds are issued at Par (maturity) value emiannua Rate Semiannual cash interest payment 560,000 3.5% 19,600 Number of payments Whether the bonds are issued at par, at a discount, or at a premium
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