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On June 30,2024 , Single Computers issued 4% stated rate bonds with a face amount of $100 million. The bonds mature on June 3q 2039

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On June 30,2024 , Single Computers issued 4% stated rate bonds with a face amount of $100 million. The bonds mature on June 3q 2039 (15 years). The market rate of interest for simliar bond iscues was 5%(2.5% semiannual rate). Interest is pald semiannually (20\%) on June 30 and December 31 , beginning on December 31, 2024. Required: 1. Determine the price of the bonds on June 30,2024 2 Calculate the interest expense Singie reports in 2024 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Determine the price of the bonds on june 30,2024

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