Question
On December 31,2018,Gallager Corporation issued $200,000, 8%, 20-year bonds when the market rate of interests 12%. The bonds pay interest semi-annually each June 30 and
On December 31,2018,Gallager Corporation issued $200,000, 8%, 20-year bonds when the market rate of interests 12%. The bonds pay interest semi-annually each June 30 and December 31.
Identify the following info:
- Face Value
- Stated Rate of Interest
- Annual Stated Interest
- Semi-Annual Stated Interest
Part 2:
Compute the price of bonds.
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
