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Need to make sure doing correctly Chapter 5 Algorithmic Exercises W HINTS 13 Seved Help Save & Exit Submit 7 Check my work On June

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Need to make sure doing correctly

Chapter 5 Algorithmic Exercises W HINTS 13 Seved Help Save & Exit Submit 7 Check my work On June 30, 2021 Singleton Computers issued 8% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2036 (15 years). The market rate of interest for similar bond issues was 7% (3.5% semiannual rate). Interest is paid semiannually (40%) on June 30 and December 31, beginning on December 31, 2021 (FV of $1. PV of $1. EVA of $1. PVA O $1. EVAD of S1 and PVAD of SD (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds on June 30, 2021 2 Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method 5 Complete this question by entering your answers in the tabs below. Required Required 2 Determine the price of the bonds on June 10, 2021. (Enter your answers in whole dollars. Round percentage answers to one decimal and your final answers to nearest whole dollar amount.) Tabivalues are based on Cash Flow Amount Present Value Price of bonds Check my work On June 30, 2021. Singleton Computers issued 8% stated rate bonds with a face amount of $200 million The bonds mature on June 30, 2036 (15 years. The market rate of interest for similar bond issues was 7% (35% semiannual rate. Interest is paid semiannually (40%) on June 30 and December 31, beginning on December 31, 2021 (EV of $1. PV of $1. EVA of $1. PVA of 51. FVAD of S1 and PVAD (Use appropriate factor(s) from the tables provided) Required: 1. Determine the price of the bonds on June 30, 2021 2 Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method Complete this question by entering your answers in the tabs below. Required Required 2 Calculate the interest expense Singleton reports in 2021 for these boods using the effective interest method. (Enter your answers in whole dollars. Round your final answers to nearest whole dolar mount) Period End Cash interest Band interest Paid Expense Premium Amortization Carrying Value 06/30/2021 12/31/2021 $

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