please complete both required parts of the question
Exercise 5-17 (Algo) Price of a bond; interest expense (LO5-9,5-10) On June 30, 2021, Singleton Computers issued 6% stated rate bonds with a face amount of $300 million. The bonds mature on June 30, 2036 (15 years). The market rate of interest for similar bond issues was 4% (2.0% semiannual rate). Interest is paid semiannually (3.0%) on June 30 and December 31, beginning on December 31, 2021. (FV of $1. PV of $1, FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds on June 30, 2021 2. Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price of the bonds on June 30, 2021. (Enter your answers in whole dollars. Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount.) Table values are based on: Cash Flow Amount Present Value Interest Principal Price of bonds Required 2 > TABLE 1 Future Value of $1 FV 101 2005 1 5.0 55560 704 0 9 04 100 110 120 101000101500 103000 1.02500 1.03000 103500 104000 10000 10000 105 106000 107000 10000 109000 110000 11000 112000 2 1.02010 1.09022101010 105063 1 06090107123 1.08160 1.09203110050 111303112350 114490116610 1880 121000123210 125410 3 105030 1.04568 10011 107639 1.09273110872 1.12436 1.14112 115763 117434 119102122504125971 1.29503133100 136763140093 4 104000 100136 10800110381 112551114752 1.16986 119252 121551 123882 1264 131000 11001 141158 146110 151807 15735 5 105101 107728 11040813141 15927 116769121655 124611127528 1306 1 2 140255 146933 1932 161051 158506 176234 120000 44000 77800 207360 295598 35318 6 1.06152 1.09344 112616 115969119405 1.22926 126532 1.70226 1.34010 1.37854 141852 7 107214 110984 114800 118869 1.22987 1.27228 131593 1.086 140710 145468 15036 TORS 1169 117166 210 126677 16 157 1410 141 15349 9109109 1109 119500 124356 130477 136290 142331 148610 155133 161909 1948 10 1.1046 10054 1211912008 1302141000 1.43034 155297 167889 1708 1905 15007 1.58687 167710 177156187041 97342 1.6057817132 1.62804194872 207616 2.21068 71819 09399255214359230454 247595 1.8384699900 2.17189235795255804 277308 1967152 158922367362.5937 2.839423.105 5 15978 619174 74100 91610 11 111567 117795 124137 13120913842) 145997 153945 1.6328571014 180209 89802.10485 2331642510412511215174 175 1211265) 119562 126124134489 143576 151107 160103 1.65879586 90121201220 225219251817 28126611 4 845 131.15809121355 129361137851 14685315696 166507 77220 183652.00572 213793 2.40935271942 OSO 145777332 6 9 14.190123176318141297151259161109 73108185194 1979932.11609 2.200902 .5785329371931173 3.797503104 4711 15 116097125023 136587 14683055797 16753510094 1.93528 207193 223241 2 56 2.75903317217 364248 417725 47159 5.47357 15072 1848843 > 1 16 1.1725 12689 137279 148451 160471 1.73399 1.87298 2.0923 2.18287 2.35526 2.56035 2.95216 3:42594397031459197 5.3089613039 17 1184012330214004 1531616528 1.79468 1.94790 2.11338 229202 2.4848020177 3.1582 3.70002432763 5.0547589509686604 18 119015 1 30734 145 155966 7020 2030 22064820000220147 2854 3 1993 10 771255 654355 76997 19 12001133095 LA 15 L75351 192350 2106 230786 2.52095 2.750 3.03560 3.61653 431570 5.14166611591726334 361276 2012201930656148595161 0611199219112241171 265330 291776 20714 38090 600 601 6727006731961609 14800 33760 21 123239 1.36706 151567 167958 1.860292059432.27877 2.52034 2786 3.07823339956 4.14056 3.03383 6.10881 740025 894917 10.80355 4600512 25 128243 145095 164001115394 20937236124 266584300543 335635381339429187 5.4773 8 862108 103 1 35851700005 95 39622 30 134785156305 140136 209757 2.42726 2.80679 3.250 3.74532432194 4.98395 5739761276 10063061136768 17490 229230 299599223737531 01: 46 151402 220112032604 36400551636 70199 85133110272169 2172452140945566579305097146977160 TABLE 2 Present Value of $1 PU = (1+1" 104 1.54 2.046 2.54 3.0% 35% 40% 45% 50% 55% 6.0% 70% 8.0% 0.0% 0.0% 10% 20% 20.0% 10.99010098572098039 0.97561097087096613096154 0.95694 095233 094787 094340 0.93458 0.92593091743090909090090 0.19256083333 2 098030 097046 096112 0.95151 0.94260 093351 0.92456 091573 0.90703 0.89545 089000 0.87344 085734 0.34168 0.82645081162 079719 069444 3 097059 095652 0.94232 0.92860 091514 090194 088900 0.87630 0.86384 0.85161 083962 031630 0.79383 0.77218 0.75131 073119 0.71178 0.57870 4 096098 0.9218 0.92385 0.90595 0.88849 087144 085450 0.83856 0.82270 0.80722 0.79209 0.76290 0.73503 0.76843 068301 0.65873 0.63552 0.48225 5 095147 092826 0.90573 088385 0.86261 0.84197 082193 0.80245 0.78353 0.76513 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 040188 6 0.94305 0.91454 0.38797 0.862.30 0.83743 0.81350 0.79031 0.76790 0.74622 0.72525 0.70496 0.46634 0.63017 0.59677 0.56447 0.53464 0.500 0.33490 7 0.93772 090103 087056 054127 0.81309 078599 075992 0.73483 071066 065744 066506 0.62275 050349 054703051316 045166 0.45235 0.27908 $ 0.92348 085771 03549 0.52075 0.78941 075941 073009 0.70319 067684 065160 0.62341 0.58201 0.54027 0.50187 0.46651 043393 0.40338 023257 9 0.91434 087459 083676 0.80073 0.76642 0.73373 070259 06729006161 0.61763 059190 0.5439 0.50025 0.46043 042410 039092 0.36051 0.19381 10 090529 0.86167 0.52035 0.78120 0.74409 0.70892 067556 060393 0.61391 0.58543 055839 0.50835 0.45319 0.42241 038554 0.35218 032197 0.16151 11 0.89832 0.54193 0.80436 0.76214 0.72243 0.65495 0.64958 0.61630 0.58468 0.55491 0.53679 0.47500 0.47388 0.38753 0.35040 031728 0.28745 0.13459 12 0.88745 085639 0.78849 0.7356 0.70138 066178 0.62460 0.58966 0.55684 0.52598 049097 0.4401 0.39711 0.35553 0.31863 0.28584 025668 0.11216 13 0.87866 0.82403 0.77303 0.72542 0.61095 0.6940 060057 0.56477 0.53032 0.49856 0.46884 0414% 0.36770 0.32618 025906 025751 0.22917 0.09346 14 086796 0.81185 0.75788 0.70773 0.66112 061778 057348 0.53997 0.50507 0.47257 044230 0.38782 0.34046 0.29925 026333023199 0.20462 0.07789 15 0.86135 0.79985 0.74901069047 0.64186 0.59689 0.55526 0.51672 0.48102 0.44793 0.41727 0.36245 0.31524 0.27454 0.23939 020900018270 0.06491 16 0.85282 0.788030.7284506736 0.63317 0.5771 053391 0.1947 045811 0.42458 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.05409 17 054433 077639071416 065720 0.00502055720051337 0.4731604659 0.40345037136 031657 0.27027 023107 0.19754 016961014554 004507 13 033602 0.76191 070016 0.64112 0.58739 053836 049363045280 041552 0.38147 0.3503402950 0.25033 0.2119 0.17986 015282 013004 003756 19 052774 075361 065643 063553 .57029 0.53016 04744 043330 0.39573 036158 033051 027651 0.33171 0.194090.16351 013768 0.11611003130 20 031954 0.74347 067292 0.61027 0.55368 0.50257 0.45639 041464 0.37689 0.34273 0.31180 0.250 0.1455 0.17543 0.14864 013003 0.10387 002608 210.31143 6.731500.65078 0.59519 0.53755 0.45587 43853 0.39679 0.35894 0.33456 0.29416 0.34151 0.19566 0.16370 0.13513 0.11174 0.09356 0.02174 24 0.78757 0.09954 0.02172 0.55218 0.49193 0.43796 0.39012 0.11770 0.31007 0.27666 0.2498 019715 0.15770 0.12640 0.10153 0.08170 0.0058 001258 25 0.77977 0.0892106093 0.5399 0.47701 042315 0.37512 0.33273 0.29530 0.26223 0.23300013425 0.14002 0.11597 0.00230 0.07301 0. 0 2 0.01045 28 0.75654 0.65910057437 0.50058 0.43705 0.38165 033348 09157 0.25509 0.22332 0.19563 0.15040 0.11591 0.08955 0.06934 0.05382 0.04187 0.00607 29 0.74934 0 64936 056311 048856 0.40435 0.36875 032065 0.27902 0.24295 0.21168 0.18456 0.14056 0.10733 0.08215 0.06304 004549 00378 0.00506 30 0.54192 0.63976 0.55207 0.47674 0.41199 0.35638 630832 0.36700 0331.38 0.30064 0.17411 0.13137 0.09938 0.07537 0.05731 0.04368 0.03338 0.00421 31 073458 063031054125046511 0.39999 0349 29546 025550 0.2036 0.19015 016425 012277 009202 0.06915 0.05210 001935 002950 0.00351 40067165055126 045389 037243 0.30656 0.25257 070429 017193 0.14205 0.11745 009722 006678004603 003154 002209 001538 001075 0.00068 TABLE 3 Future Value of an ordinary Annuity of $1 PVA (+)-1 + 50% 55 1 10000 20500 20% 1.5% 2.09 2.54 3.04 3.5% 40% 45 10000 10000 10000 10000 10000 10000 10000 10000 2.0100 2.01502.02002025020300 20350 2040 20450 3030130452 3.0001 3075630909 3106231216 40604 40909 41216 4152541836 421494.2455 51010 5.1523 5.2040 5256353091 5.36255416354707 10000 20550 3.1680 2 1 4 6046 10000 20600 31836 43746 56371 204 8 0% 10000 10000 2070020800 32149 33464 44399 400 57507 51666 90% 10.09 11.04 10000 10000 10000 20900 21000 2.1100 3771 1 100 1421 45731 46410 7097 59476105 6221 12.0% 10000 2.1200 33744 0.0% 10000 2 2000 6100 5 5.5256 55011 1573 74416 6 79129 97 1152 10 7 1520 396 301 3877 4654 6550266330 710 SI 71533 7335975233 7.7156 72135 73230 7443756 76635 777917 01 140 193654059104 94 $2857 8.4326 85830 8.7361 38923 9.65179.710293800954919721698975 102593106366110285114159 93655 95593 976 995 10 1591 1036510 10 0 11 0266 11 256 114913 11 9780124576 10 10 13.5795 10.4622 10.1027 10 9897 11 2034 11461911.7314120051 122582 12.579 128754 1310 138164 144866 1519 1 50174 129159 16.4091 2079 25 118594 12 2997 14.1640 14.7757 16.70 12 567 9 10 32.1504 3980s 11 11.5668 11.3633 12.1687 11.4835 12.8078 13.1430 13:451413.12 .3068 14.5835 1916 15.7836 16.4455 17.5603 18.5313 19.5014 20.4546 12 120875 1301121411113.7956 141930 14.6030150258 154600159171163856 16.000 175 189771 2014072030 2032 2133 13 13.8093 142368 1680 151404 156178 16.1110 16.638 1715 17.710152866 1837 2014061 5322953 245277 262116280291 1 1944 15:4504 1597916519170863 176710182919 1971 19.5986202926 21015122550524100 260123797500 32_3926 1516916602112294 179319 18 19 2057 2006 207141 21576 224087 33 2700251290 27 1521 2930091725 34.054 37.2297 59.1950 720351 16 17.2579 17.9334 18.639319. 3 1 2015 20.3710 215345227193 17 114304 19.2014 2013 203647 217616 22.7050 23.697524717 18 19.0147 20.4894 21411322361 234144244997 25.0454 168551 19 208109 21.796722 5400 33946 25.1169 26.3572 27.6712 19.0035 20 22.0190231232242994 355447 263704 28.2797 29.7781 1.3714 23.6575346411 25.6725 27.358130.3343 33.0034 35.49% 39.1809 42.7533 25.8404269964 282129303402 3.7502369737 4057 5008485837 251324 294812309057 330 37450241.301345599250.3959557097 0.5390321027 33.7600 37.3790 41.4463 460185 51 159156934 63.4397 330660348683367856 409955 45.1620511601 52270 42033720534 105.9306 281167 154.7400 116.6850 11 13.2393 24.470515.7833 17.1833 28.6765 302095 31.9692 33.7831 35.7193 37.7861 9991744.5453 0.03 56.7645 4.0015 72.7651516987225.0256 3478453753874056 902475754 51622 5600 610071 638 724355 0582 4006 1133332 136.375 16401990209 341332711515516 45554543679 60.000 67.60375401 4550302553070303 13079981366056156630196351 359056337334536167670914705578 TABLE 4 Present Value of an Ordinary Annuity of $1 I 1-2 PVA 0897 907 951 901 8060 19516060160 225160010650 900 9021 SOWO 9606 908 90909 995 903 957 907 956 S6051960 81996 0 S60 S60 OPE60 42160 ST2S60 2160 EEEES O 987650050060606060 2 3 197040 1.95583194156 2.940992.91220 2.8855 1.977421 91347 2.85602 281861 89969 280164 181609187287 2.77509 2.74196 1 85001 162 161119 082 2.72335 26979267301262432 78176 2.57710 175911 173554 171252169005 152778 2.53122.48635 2.44371 2.40133 210618 SSE 26106 VSS 912 ELLOS E 912 6192 E 85191 30 DE ORICE TUOST SOSIS ESSE 06629 CHI 360 SOSIS E 6C SISOS BOLZ USE 115 CIT 000 FIZICE 1766 S LOCE 061 COSSZ SEZOT SHOT 8691 190667 3210906S6 E6062 6 5.79343 699 5.60143 5.50813 41719 5.338555.2414 S15787 07569 4.99553 4.91732 4.76654 46728 4.45593435536 423054 4.11141332551 7 672519 6 5921647199 6.349396 23028 6.11454 600205 589270 5.78637 5.68297558238 5.38929 5.20637 5.03295486842 4.71220456376 360459 8 765168 7.43593 73254717014 701969 687396 673374 659589646321 6334576 20979597130574664553482533493 5.14612496764 31716 98.566028.360528162247.970877.78611 760769743533726879710782 695220680169 6.51523 6.24689599525 5.759025.53705 532825 4.03097 10 947130 2 18898259 75206 8.53020 331661 8.11090 791272 7.721737537637380097023586.71008 641766614457581923 5650224 19247 11 10.36763 10.07112 9.73635 9.51421 9.252629.00156 3.76048 .52193 .30641 8.00254 7.8687 749567 7.13896 6.80519 6.49516 6,20657 01770 4.32705 12 11:1550$10.902511057541025776 9.95400 966333 938507 9 11858 8.86325861852 8.18354 794209753608716073681389649238619437 443922 13 12 11374 11.7351 11 44837 10.903191061496 10.30274 9.98565 9.65285 939357 9.11708 8.8526835765 79017874869071011 674987647355451265 14 1300370 1254313 12 10625 11 69091 11 296021092052 10.56912102328 9 9844 2589659.29498874547 324424 7615 71869690157 662817 461057 15 sos 1.14 12.5493512 313 11 974 11 51741 1111839 10.739551037956100179.71225 . 10191 558 0 7 60608 71908761036 467547 16 1471787 1403136 13.87771 13.08500 13.56110 17.09112 1105230 11.23402 10.89777 1046216 10.10500 4 8 .851378.31256733371 237016 739 4.71056 SCOSSICI ICOLII 291 I KISOI 1991 ! OUTLET SIGHISLO PULLPOI 1998 OLLOWEIL 26 91216 CSE SS1019951 11 LT 11 16917 15.67256 14.99203 1435336 13.7351 13.11906 1265910 12.15991168959 11.34607 10.32760 10.059099.371898.75561120141 770162 724967 401219 19 1722601164261715678 149 143180 11.70084 1.13394 1259320 12085211.60751115812 10.315000000 soni 1649781919 736578434350 I BOSSI! CE COOKIES OPZICHI CHOORSI DISCHI FISSST 00 TOHO EISSRI SHU 85698+ F 21 11 353 17.0014 17.01121 16.1845515.41502 14.69797 14.02016 13.40472 1231115 11.27534 11.7408 10.53553 10.01450 9.19334 3. 60 .07507 7.56200 45913 BIORCS 61 1961LATIOTEST SECI Z I ELICIFICHE TIPOLO SI T MOON 5659 11 MZ PICS FOLLO6CE6 6S1P6 OESOT 196ETTSION TOEST 06 00961 SMIESINEOI FOTELI COCHI LETS 315503626601 160016 SELON SUSCITOSOPI 16346 TOGELOSSEIT LITE SOEST SYSSEET SS16 60 601580 S01563 SOLL 6 DELSLOT 1976 ITZIA EROSI 1910 91651 LISTOPI S 00966+ S TABLE 5 Future Value of an Annuity Due of $1 FVAD [4+* - 4) **1 +0 * 10% 1.5% 2.0% 15% 30% 33% 40% 45% 50% 1 10100 10150 10200 10250 10300 10150 1000 1010 10100 2 2001 20452 2.0604 20750 200 2100221216 21370 135 3 3.0604 3.09093.1216 3.1525 3.1636 321493.2465 3.2782 33101 41010 4.1523 42040 42563430914.3625 44163 4.470745256 $ 51520 596 510513177 S S 35061157109 1019 55% 100 160 3.3423 45811 S 60% 10600 1616 3.3746 46371 59753 70% 10700 219 34399 47507 61533 8.0% 0.0% 1000 10000 22454 22751 3.5061 3.5731 43656 49847 6335965233 0.0% 20% 12.0% 11000 1100 11200 2310023421 2376 3.6410 3.7097 3.7793 5.1051 5.2278 5.3528 671566912971152 20:04 1.2000 2600 4.300 11 50 154991 621356.333064343 6.5474 666256 .7794 68933 701927.14307.2009 7.303876540 7.9225 7 72857 743257.5830 7.7361 78923 8 0517 2 142 8.38003 5491 8.7216 3975 93598 96366 $ 3.3655 8.5593 8.7546 89545 9.1591 936859.5625 98021 10.0266 10.2563 10.4913 109780 114576 94622 9.7027 99497 102034 104639 10737411000111208211579118754 12.1808 128164 13.4566 10 10.5068 103693111687 11.4835118076 12.1400 124354 12.8412 11.2008 135835 13.971614736 15 6455 3.2004 10.0285 12.0210 14.1929 16.500 3.4872 10.4359 12.5795 149374 175312 3.78333.0890 10 594 112997 13.1640 13.7757 15.7220 16.5457 18.5014 196546 19.7919 09587 311504 23.1331 38.5305 47416 270291 11 11.6825 12.0411 12.4121 12.7956 13.1920 13.6020 14.0258 14.4640149171 15.3856 12 12 8093132368 136803 141401 14617 15.11301568 16 1599 16.7130 177 13 13964146504 1497915 016 0663 1667 17 19 17931 1930 193 14 15 0961560 161934 169319 1759911957 19 0236 19.7541 576 214001 15 16.2579 169334 176393 18.3802 19.1569 199710208345 21719 226575 23.6411 15.8699168555 17.9771 19.1407 173821 191406 20 4951219514 0 151 21550 237149 50 > 260 261 261591 0 246725263381293243 32.0034 20:3943 215727 597 307 349497 21.7132 25 2116 0949 1. 4 38.1899 SE 1959 31-1936 6297 41.7533 36401 16 19.430413014 10.012119.8647 20.7616 21.7050 33.0075 23.7417 14.3404 25.9964 27.2120 20.5403 32.7502 35.973730347 4.500 478837 104.93 17 15614714842041232138632241423.497 46454 353551 771334 2841299057 3290364502403013 05992 493959 497 1271167 15 19810920796) 21.8406 22.9460 21169 23.357226671228063635390 31.102732.7600 36.3790 40.4463501 501591 55.9395624097 153.00 19 21.0190231237 23297445447 258704 27279787181 303714 0000 368 357856 39 7620 So 1601 670613035 T10524 18 30 10 22 2392 23:4705 24.7833 26.183 27.6765 29.209530909232.7831 47193 36.7861 18.9927 43.3652 49.4229557645 63.0035 71.26510 69873240156 11 13.4716 343376 36.000 27.3639 39.5368 3.33933340 35.364 37.5053 30.8643 43.3023 4.603744586373374027 30.7162.503677007 252852563051401267093501173755340313143417 46.5706 501135 53 156667676578543 010111313633933395663773 135.1327 51018 41.379445.000 490027 53.429 5837536375249.7008764194 1017 10107 122.3459 185753 180904 220-902 770 2926 14152579 40 493752 550019 01 6100 09.087677061) 875095 1765 111.847 13698144118) 164.0172 213.00962797810 3652919 436515 045 8700 359.1424 88126294 CABLE 6 Present Value of an Annuity Due of $1 PVAD (1+0) 1 2 3 4 5 104 1.546 2.04 3.5% 3.04 100000 100000 100000 100000 100000 1.99010 1.98522 1.95039197561 1.97087 2.97040 295588 2.94156 2.92742291347 394099391220388383 385602382861 490197 4.85435 4.80773 4.761974.71710 3.5% 100000 196618 289989 380164 467308 40% 4596 100000 100000 1 96154 195694 288609287267 3.77509 3.74896 4.62990 4.58753 3.0% 100000 195738 285941 3.72325 4.54595 55% 60% 100000 100000 194787194340 284632 283339 369793 3.67301 4.50515 446511 70% 80% 90% 100000 100000 100000 193453 192593191743 280802 2.78326 2.75911 3.62432357710 3.53129 4.38721 4312134.23972 10.04 11.04 12.046 20.05 100000 100000 100000 1.00000 190909 1.90090 1.89256 1.83333 2.73554 2.71252 2.69005 2.52773 345685344371 3.40183 3.10643 4.16887 410245 403735358873 6 5.85343 5.78264 5.71346 64583 3.59971 SS1505 5.451825.38998 5.32948 5.27038 521236 S100204.99271 4.38965 4.79079 4.69590 4.60478 3.99061 7 6.795486 09719600143 6.50813 6.41719 632855 624214 6.15787 607569 599553591732 5.76654 567218548592515520 521054511141 432551 8 772819 7.59621 747199 7349397.23028 711454 700205 659270678637 668297 658238 6.35929620637 603295 5.86542 5.71220556376 4.60459 9 8.65168 348593 832548 317014 0129787396 7.73274 7.59589 746321 733457 720979697130674664 653402633493614612596764 433716 109566029380529.162249707 B7511 60789 3435338 .26879 10782795720 730169751523 724689699525 6.759026537056.32825 503092 1 10.47130 10.22218 9.00150 75206 0.63070 31661 0.110903.91272 8.72173 8.53763 8.36000 3.03358 7.910037.41766 714457 6.191665022519247 12 1136763 110211210 1685 10 51421 10 2 2 10 00155 9.760459.5292930641 9.09151 38087 3.49867 1898 159 74940070852691770512705 13 1225508 11.90751 1157534 11 25776 10 95.400 1066333 10.38507 10.11558 9.36325 9.61852 9.38384 3.94269853608 16073 7 9 749236719137541922 14 13.13374 12.73153 12 17 0 11 6 1130274 1098505 106873510 39357 1011708935268 935765 9017 10 15 551265 15 14.00370 13.54338 13.10635 12.09091 12.2007 1193052 1156312 1122283 10.89864 105896510 29498 9.74547 92434 378615 3.36609790187 762817 561057 16 14.86505 14.34323 13.4936 13.38138 12.03794 12.51741 12.11839 1173955 11.3796 11.03758 10.71225 10.10791 9.55948 .00000 .0 .19087 731086 5.67547 17 1571787 15.1312614577 0 5500 13.56110 13.00412 12.6520 12 2340211837) 1146316 11.10500 10.44665 9.513731256 33 3 916797309572056 18 16.56225 15 90765 1529157 471220 14.166121365132 11 16567 12.70719 12274071136461 1147726 10.7612 10.1216495436) 902155548911963577463 19 1739827 16 07216 15 203 15 35336 14.75351 418116590 13 19 12089591224011100 11059 10.371 756 201411182 7 1219 201822601 12.42517160846 159791520 1470934 14 13 13599 13 085) 160185 1158121133500 1000 995011 16 9 1873 514350 21 19.04555 18.16864 17.35149 16.58916 15.87147 1521340 14.59033 14.00794 13.46331 12.95038 12.44993 11.59401 10.31815 18.17855 0.51356 89603 8.461445.86958 3522243392103041 19 993158499 17.93554 170553716240961549543 14.2986414151701155036 12403115176 10.7066199693614792593710 30 26.06579243760822544381453552015345 1903577 17.98371 17.02189 16 14107 153310 14.59072 13.27767 1215841 11 1982 10.30 9.65011 902181597472 403) 16300 1648 2790359 3573014 30 1025020514019 1 0170 1691 15907166 127 1173552107569915671101399592 Exercise 5-17 (Algo) Price of a bond; interest expense (LO5-9, 5-10) On June 30, 2021, Singleton Computers issued 6% stated rate bonds with a face amount of $300 million. The bonds mature on June 30, 2036 (15 years). The market rate of interest for similar bond issues was 4% (2.0% semiannual rate). Interest is paid semiannually (3.0%) on June 30 and December 31, beginning on December 31, 2021. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds on June 30, 2021. 2. Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount.) Period-End Cash Interest Paid Bond Interest Expense Premium Amortization Carrying Value 06/30/2021 12/31/2021
