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Maggie Enterprises issued $700,000 of 6%, five-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield: On December
Maggie Enterprises issued $700,000 of 6%, five-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield: On December 31, Thomas, Inc. borrowed $420,000 on a 8%,15-year mortgage note payable. The note is to be repaid in equal semiannual installments of $24,289 (payable on June 30 and December 31 ). Determine the financial statement effect of: (a) the issuance of the mortgage note payable, (b) the payment of the first installment on June 30 (c) the payment of the second installment on December 31 . Round the interest amounts to the nearest dollar. Lunar, Inc., plans to issue $1,620,000 of 8% bonds that will pay interest semiannually and mature in five years. Assume that the effective interest rate is 9% per year compounded semiannually. Calculate the selling price of the bonds. \$ Maggie Enterprises issued $700,000 of 6%, five-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield: On December 31, Thomas, Inc. borrowed $420,000 on a 8%,15-year mortgage note payable. The note is to be repaid in equal semiannual installments of $24,289 (payable on June 30 and December 31 ). Determine the financial statement effect of: (a) the issuance of the mortgage note payable, (b) the payment of the first installment on June 30 (c) the payment of the second installment on December 31 . Round the interest amounts to the nearest dollar. Lunar, Inc., plans to issue $1,620,000 of 8% bonds that will pay interest semiannually and mature in five years. Assume that the effective interest rate is 9% per year compounded semiannually. Calculate the selling price of the bonds. \$
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