Do not give answer in image 25 - The following information pertains to Camp Corp's issuance of bonds on July 1, 20X5:Face amount - $800.000Term 10 yearsStated interest rate - 6%Interest payment dates - Annually on July 1Yield - 9%At 6% At 9%Present value of 1 for 10 periods0.5580.422Future value of 1 for 10 periods1.791 2.367Present value of ordinary annuity of 1 for 10 periods 7.360 6.418What should be the issue price for each $1,000 bond?$1.000☐ $7.00$864$807 00

Solution: Correct answer : (d) $807 Present value of bond for 10 years @ 9% = $ 1000 * 0.422 = $ 422…

The following information pertains to Camp Corp's issuance of bonds on July 1, 20X5: Face amount $800.000 Term - 10 years Stated interest rate - 6% Interest payment dates - Annually on July 1 Yield - 9% ent value of 1 for 10 periods are value of 1 for 10 periods ent value of ordinary annuity of 1 for 10 periods t should be the issue price for each $1,000 bond? $1.000 $7.00 $864 $807 At 6% At 9% 0.558 1.791 7.360 0.422 2.367 6.418 Desc

The following information pertains to Camp Corp's issuance of bonds on July 1, 20X5: Face amount $800.000 Term - 10 years Stated interest rate - 6% Interest payment dates - Annually on July 1 Yield - 9% ent value of 1 for 10 periods are value of 1 for 10 periods ent value of ordinary annuity of 1 for 10 periods t should be the issue price for each $1,000 bond? $1.000 $7.00 $864 $807 At 6% At 9% 0.558 1.791 7.360 0.422 2.367 6.418 Desc

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 10EA: Pinetop Corporation issued $150,000 10-year bonds at par. The bonds have a stated rate of 6% and pay...

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