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Need help understanding, this please explain in detail to understand it. :) D This question will be sent to your instructor for grading. Compute the
Need help understanding, this please explain in detail to understand it. :)
D This question will be sent to your instructor for grading. Compute the price of a bond with a Contract rate of 6.00%, 15 -year bonds with a par value of $470,000 and semiannual interest payments. The market rate for these bonds is 4.00%. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole dollar amount.) A. First calculate the semi-annual interest payment amount below: B. Use the box below to compute the bond price--- SHOW your Work!! C. Prepare the journal entry to record the bonds' issuance: D. Compute the first semiannual interest payment using the effective interest methodStep by Step Solution
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