Required information Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Coney Island Entertainment issues $$1,200,000$ of $5\%$ bonds,

due in $10$ years, with interest payable semiannually on June $30$ and December $31$

each year.

Assume that the market interest rate is $5\%$ and the bonds issue at face amount.

Required:

$1$a$.$ Calculate the issue price of a bond.

$1$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA

of $$1)$

Complete this question by entering your answers in the tabs below.

Calculate the issue price of a bond.

Issue price

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Coney Island Entertainment issues $$1,200,000$ of $5\%$ bonds,

due in $10$ years, with interest payable semiannually on June $30$ and December $31$

each year.

Assume that the market interest rate is $5\%$ and the bonds issue at face amount.

Required:

$1$a$.$ Calculate the issue price of a bond.

$1$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA

of $$1)$

Complete this question by entering your answers in the tabs below.

Req $1$ A

Complete the first three rows of an amortization schedule. $($Use appropriate factor$($s$)$ from the tables provic

interest rate factors. Round your answers to nearest whole dollar.$)$