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On October 1 , 2 0 2 3 , Dejour Energy Inc. issued a $ 6 8 3 , 0 0 0 , 8 .
On October Dejour Energy Inc. issued a $ sevenyear bond. Interest is to be paid annually each October Dejour Energy Inc. has a November yearend. Use TABLE A and TABLE A Note: Use table values for PV calculations. Use appropriate factors from the tables provided.
Required:
a Calculate the issue price of the bond assuming a market interest rate of on the date of the bond issue. Do not round intermediate calculations. Round the final answers to the nearest whole dollar.
Answer is complete and correct.
Issue price of the bond $
b Using the effective interest method, prepare an amortization schedule. Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.
Answer is complete but not entirely correct.
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