A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1, 2096. If today is December 2, 2017, what is this bond's time to maturity? (Use 365 days a year.) Time to maturity years
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- On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated interest rate of 12% payable semi-annually on July 1 and January 1. The bonds were sold to yield 10%. Assuming the bonds were sold at 107.732, what is the selling price of the bonds? Were they issued at a discount or a premium?A company issued bonds with a $100,000 face value, a 5-year term, a stated rate of 6%, and a market rate of 7%. Interest is paid annually. What is the amount of interest the bondholders will receive at the end of the year?Chung Inc. issued $50,000 of 3-year bonds on January 1, 2018, with a stated rate of 4% and a market rate of 4%. The bonds paid interest semi-annually on June 30 and Dec. 31. How much money did the company receive when the bonds were issued? The bonds would be quoted at what rate?
- A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1, 2096. If today is December 2, 2005, what is this bond’s time to maturity? (Use 365 days a year.)A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November 16, 2014, what is this bond’s time to maturity? (Use 365 days a year.) Time to maturity years and months.A bond is issued on December 22, 2005 and is scheduled to mature on December 22, 2020. What is this bond's years to maturity on July 5, 2006?
- On January 1, 2021, a firm issues bonds with a face amount of $1,500,000. The stated rate is 10%, the market rate is 12%, the term is three years and payments are made twice a year, on June 30 and Dec. 31. What is the present value of the bond that the firm records on its books on the issue date? What is the interest expense that the firm records on its books when making the first cash payment to investors on June 30, 2021?CCI Inc. has a 9.85% bond that mature on March 15, 2034. Assume that the interest on these bonds is paid quarterly. With a face value of $1,000, what would the bond price be as of March 15, 2024 to an investor who holds the bond until maturity and requires an 10.25% rate of return?On January 1, 2023, Systems Corporation issues $60,000 of 7%, 15-year bonds, with interest payable semiannually on June 30 and December 31 each year. The market interest rate is 8%. The issue price of the bonds is $54,812. (a) What journal entry should the company make to record the bond issue on January 1, 2023? (b)What journal entry should the company make to record the first semiannual interest payment on June 30, 2023? (Rounds amounts to the nearest whole dollar.) (c) What will be the carrying value of the bonds at December 31, 2037, the maturity date of the bonds?
- Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on January 1, 2016 for $283,294,720. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Required: 1. What would be the net amount of the liability Myriad would report in its balance sheet at December 31, 2016? 2. What would be the amount related to the bonds that Myriad would report in its income statement for the year ended December 31, 2016? 3. What would be the amount(s) related to the bonds that Myriad would report in its statement of cash flows for the year ended December 31, 2016?Sun Corporation markets a 10-year bond issue dated January 1, 2020. The bonds pay interest semi-annually on January 1 and July 1. If these bonds are sold on August 1, 2020, how many months of accrued interest must be paid by the purchaser and over how many months would any discount on the bonds be amortized? * 1 point a. Months accrued: 7, Amortization period: 120 months b. Months accrued: 7, Amortization period: 113 months c. Month accrued: 1, Amortization period: 120 months d. Month accrued: 1, Amortization period: 113 monthson january 1, 2019, bay company issues bonds with a face value of $850,000 that pay 9% interest semiannually and mature in 15 years. the market interest rate at the date of issuance is 8%. what is the price of the bond?
