q2 (c) financial accounting II chapter 15

Carla Vista Corp. issued $450,000 of 3-year, 4% bond 5 on May 1.2024. The market interest rate when the bonds were issued was 8%. Interest is payable quarterly. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) What is the number of interest payments that will be made over the life of the bond? Number of interest payments payments How much interest will be paid each period? Interest $ eTextbook and Media List of Accounts Attempts: 1 of 3 (c) Determine the price of the bond. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.s. 15.75.) Price of the bond $