Question
On July 1, 20Y1, Campbell issued $30,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%. Interest is payable semiannually on December
On July 1, 20Y1, Campbell issued $30,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%. Interest is payable semiannually on December 31 and June 30.
1.What is the book value (net carrying value) of the bonds on June 30, 20Y6? Enter numbers with no dollar sign or commas. Round to the nearest dollar
2.What is the book value (net carrying value) of the bonds on July 1, 20Y1? Enter numbers with no dollar sign or commas. Round to the nearest dollar.
3.What is the balance of premium right after the 4th interest payment? Enter numbers with no dollar sign or commas. Round to the nearest dollar.
4.What is the book value of bonds after the 20th interest payment? Enter numbers with no dollar sign or commas. Round to the nearest dollar.
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