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January 1, 2012 Kristy Corp is issuing 400,000 of 10% 3-year bonds with semiannual interest payments. Potential bond investors want a rate of 8% interest (market Rate). Compute the market price (present value) of the bonds and the "Closing Price % of Face". 14 AE10-17 PV Bond B Kristy Assignment 400k 896 Prem Video XX Show your calculations including the #'s from the PV tables. Text pages 384 - 387 7e Calculate Present value of Bond payment at maturity: Caculate Present value of bi-annual Interest Payments: B Market price (present value) of bonds = A+B Closing Price % of Face xxx.xxx >> Journalize the issuance of the Bonds with a proper explanation which includes all info needed for someone to calculate the market value: Date: Description/Account Debit Credit Present Value of 1 3.0% 3.5% 4.0% 4.5% 5.0% 55% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 1 0.97087 0.96618 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 0.93458 0.93023 0.92593 0.92166 0.91743 0.91324 0.90909 2 0.94260 0.93351 0.92456 0.91573 0.90703 0.89845 0.89000 0.88166 0.87344 0.86533 0.85734 0.84946 0.84168 0.83401 0.82645 3 0.91514 0.90194 0.88900 0.87630 0.86384 0.85161 0.83962 0.82785 0.81630 0.80496 0.79383 0.78291 0.77218 0.76165 0.75131 4 0.88849 0.87144 0.85480 0.83856 0.82270 0.80722 0.79209 0.77732 0.76290 0.74880 0.73503 0.72157 0.70843 0.69557 0.68301 5 0.86261 0.84197 0.82193 0.80245 0.78353 0.76513 0.74726 0.72988 0.71299 0.69656 0.68058 0.66505 0.64993 0.63523 0.62092 6 0.83748 0.81350 0.79031 0.76790 0.74622 0.72525 0.70496 0.68533 0.66634 0.64796 0.63017 0.61295 0.59627 0.58012 0.56447 7 0.81309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.64351 0.62275 0.60275 0.58349 0.56493 0.54703 0.52979 0.51316 8 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.60423 0.58201 0.56070 0.54027 0.52067 0.50187 0.48382 0.46651 9 0.76642 0.73373 0.70259 0.67290 0.54461 0.61763 0.59190 0.56735 0.54393 0.52158 0.50025 0.47988 0.46043 0.44185 0.42410 10 0.74409 0.70892 0.67556 0.64393 0.61391 0.58543 0.55839 0.53273 0.50835 0.48519 0.46319 0.44229 0.42241 0.40351 0.38554 Present Value of an Annuity of 1 3.0% 3.5% 4.0% 4.5% 5.0% 55% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 1 0.97087 0.96618 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 0.93458 0.93023 0.92593 0.92166 0.91743 0.91324 0.90909 2 1.91347 1.89969 1.88609 1.87267 1.85941 1.84632 1.83339 1.82063 1.80802 1.79557 1.78326 1.77111 1.75911 1.74725 1.73554 3 2.82861 2.80164 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 2.62432 2.60053 2.57710 2.55402 2.53129 2.50891 2.48685 4 3.71710 3.67308 3.62990 3.58753 3.54595 3.50515 3.46511 3.42580 3.38721 3.34933 3.31213 3.27560 3.23972 3.20448 3.16987 5 4.57971 4.51505 4.45182 4.38998 4.32948 4.27028 4.21236 4.15568 4.10020 4.04588 3.99271 3.94064 3.88965 3.83971 3.79079 6 5.41719 5.32855) 5.24214 5.15787) 5.07569 4.99553 4.91732 4.84101 4.76654 4.69385 4.62288 4.55359 4.48592 4.41983| 4.35526| 7 6.23028 6.11454 6.00205 5.89270 5.78637 5.68297 5.58238 5.48452 5.38929 5.29660 5.20637 5.11851 5.03295 4.94961 4.86842 8 7.01969 6.87396 6.73274 6.59589 6.46321 6.33457 6.20979 6.08875 5.97130 5.85730 5.74664 5.63918 5.53482 5.43344 5.33493 97.78611 7.60769 7.435337.26879710782 6.95220 6.80169 6.65610 6.515236.37889 6.24689 6.11906 5.99525 5.87528 5.75902| 108.53020 8.31661 8.11090 7.91272 7.721737.537637.36009 7.18883 7.02358 6.86408 6.710086.56135 6.417666.27880 6.14457
