Question
On January 1 of Year 1, the following debt was authorized and issued by Anderson Company. 1. $75,000, 5 -year, 9% convertible bonds payable, cash
On January 1 of Year 1, the following debt was authorized and issued by Anderson Company.
1. $75,000, 5 -year, 9% convertible bonds payable, cash interest payable semiannually on June 30 and December 31 to yield 10%. 2. $15,000, 8 -year, 10% note payable, cash interest payable semiannually on June 30 and December 31 to yield 9.5%. 3. $45,000, 10 -year, zero-interest-bearing bonds to yield 11% annually.
Note: Enter the percentages rounded to two digits after the decimal; enter 2.04 for 2.044% or 2.05 for 2.045%. Note: Round dollar amounts to the nearest dollar.
For each debt, indicate the following: | 1 | 2 | 3 | |
---|---|---|---|---|
a. Face value. | ||||
b. Stated rate per interest period. | ||||
c. Stated interest amount per interest period. | ||||
d. Market rate per interest period. | ||||
e. Number of interest periods over life of the bonds. | ||||
f. Selling price. | ||||
g. Maturity date. | ||||
h. Authorization date. |
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