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Sasnacht Fork Corporation issued $200,000 par value, 3%, 4-year bonds (Le., there were 200 of $1,000 par value bonds in the issue) Interest is payable
Sasnacht Fork Corporation issued $200,000 par value, 3\%, 4-year bonds (Le., there were 200 of $1,000 par value bonds in the issue) Interest is payable annually with the first insterest peyminent nade at the end of the period. Fasnacht Fork paid $3,000 in underentiting fees. Dotermine the issue price of the bonds assuming that the market rate of interest is 4%. Propare the joumal entry to acced the bond insue Eiture Value of 55 table Euture Valve of an Ordinary Annity table. Euture Yolue of an Ancuity Dwe table Present Value of 51 table Present Value of an Ordinary Ancuity table Prosent Value of an Annety Dua table. Determine the issue price of the bonds; (Use the present value and future value tables, the formula mothod, a financial cacuiafor, or a spreadsheer for your caloulasions. If using prosent and titure value tables or the formula method, use tactor amounts rounded to five decimal places, Xoocx. Round your final answers to the restest wholo dollack) The issue price of the bonds =
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