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On December 31, 2017, Suzuki Company issued $660,000 of 8% bonds. The market interest rate at the time of issuance was 7%. The bonds pay
On December 31, 2017, Suzuki Company issued $660,000 of 8% bonds. The market interest rate at the time of issuance was 7%. The bonds pay interest on June 30 and December 31 and mature in 15 years. Required: Compute the selling price of the bonds on December 31, 2017. Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent. Selling price of bonds: XS ? On December 31, 2017, 5860,000 of 6% bonds were issued. The market interest rate at the time of issuance was 5%. The bonds pay interest on June 30 and December 31 and mature in 15 years. Required: Compute the selling price of a single $1,000 bond on December 31, 2017 Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent. Selling price of bonds: SO ? X 5
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