The Bradford Company issued 12% bonds, dated January 1, with a face amount of $90 million on January 1, 2016. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:

1.

Determine the price of the bonds at January 1, 2016. (Enter your answers whole dollars.)

Table values are based on:
n =
i =
Cash Flow	Amount	Present Value
Interest
Principal
Price of bonds

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Myriad Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $510 million on January 1, 2016 for $455,970,906. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31.

Required:

Complete the table below to calculate the amounts related to the bonds that Myriad would report in its financial statements. (Enter your answers in whole dollars.)

Period-End	Cash Interest Paid	Bond Interest Expense	Discount Amortization	Carrying Value
01/01/2016
06/30/2016			$0	0
12/31/2016	0		0
Total	$0	$0