On June $30,2024,$ Single Computers issued $8\%$ stated rate bonds with a face amount

of $$300$ million. The bonds mature on June $30,2041(20$ years$).$ The market rate of

interest for similar bond issues was $10\%(5\%$ semiannual rate$).$ Interest is paid

semiannually $(4\%)$ on June $30$ and December $31.($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and

PVA of $$1).($Use appropriate factor$($s$)$ from the tables provided.$)$

a$.$ Determine the price of the bonds on June $30,2024$

Price of bonds:

B$.$ Calculate the interest expense Single reports in $2024$ for these bonds

Interest expense: Using Excel