long term liabilities

Requirement 3: When a company exchanges a long-term non-interest bearing note for cash how does the company determine the effecive interest rate? Requirement 4: On January 1, Big Red Inc. issues 10%, 5 year bonds with a face value of $150,000 when the effective interest rate is 12%. Interest is to paid semiannually. Perform computation of the bond issuance price using a financial calculator. For credit, identify financial calculator keys used and their corresponding inputs