Required information

$[$The following information applies to the questions

displayed below.$]$

On January $1,2024,$ Christmas Anytime issues $$850,000$

of $6\%$ 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 a

premium.

$3$a$.$ Calculate the issue price of a bond.!

Required information

$[$The following information applies to the questions

displayed below.$]$

On January $1,2024,$ Christmas Anytime issues $$850,000$

of $6\%$ 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 a

premium.

$3$a$.$ Calculate the issue price of a bond.

$3$b$.$ Complete the first three rows of an amortization schedule. $(FV$ of $$1,$

PV of $$1,$ FVA of $$1,$ and PVA of $$1)$