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Show all work using excel. 1) Hoes houses issued a $10,000,000,20-year 8% bond with semi-annua interest payments. Calculate the following three items: a. The semi-annual
Show all work using excel.
1) Hoes houses issued a $10,000,000,20-year 8% bond with semi-annua interest payments. Calculate the following three items: a. The semi-annual interest payments. b. The issue price if market rate when it was issued was 7.25% c. The issue price if the market rate when it was issued was 8% 2) LOL CO issued a 5-year, 12% bond of $10,000,000. Interest payments are made annually. It was issued to yield 11%. a. Calculate the issue price of the bond. b. Prepare the amortization table for the full life of the bond. c. Prepare the journal entries for the issuance of the bond, the first interest payment, the final interest payment, and the retirement of the bondStep by Step Solution
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