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need to be answered in 30mins or less Point North Inc issued bonds with a par value of $112.000 on January 1, 2020. The bonds
need to be answered in 30mins or less
Point North Inc issued bonds with a par value of $112.000 on January 1, 2020. The bonds mature in 10 years and payment interest in ceny payments On the issue date, the annual market rate of interest for the bonds was 10% Required: a) What is the size of the quarterly interest payment for these bonds? b) How many quarterly payments will be made on these bonds over their life? c) Calculate the present value of the bonds as of the date they were issued d) Present the journal entry that would be made to record the bonds issuance. Short Answer Toolbae navigation BIUS 3 M Step by Step Solution
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