Question
On August 1, 2011, Bonnie purchased $14,500 of Huber Co.'s 14%, 15-year bonds at face value. Huber Co. has paid the semiannual interest due on
On August 1, 2011, Bonnie purchased $14,500 of Huber Co.'s 14%, 15-year bonds at face value. Huber Co. has paid the semiannual interest due on the bonds regularly. On August 1, 2019, market rates of interest had fallen to 12%, and Bonnie is considering selling the bonds. Use the present value tables (Table 6-4 and Table 6-5) (Round your PV factors to 4 decimal places.) Required: Calculate the market value of Bonnies bonds on August 1, 2019. (Round your answer to 2 decimal places.)
Market value |
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On March 1, 2014, Catherine purchased $60,000 of Tyson Co.'s 8%, 17-year bonds at face value. Tyson Co. has regularly paid the annual interest due on the bonds. On March 1, 2019, market interest rates had risen to 12%, and Catherine is considering selling the bonds. Use present value tables (Table 6-4and Table 6-5) (Round your PV factors to 4 decimal places.) Required: Calculate the market value of Catherines bonds on March 1, 2019. (Round your answer to 2 decimal places.)
Market value |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
