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- 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?Determine the after-tax yield (i.e., IRR on the ATCF) obtained by an individual who purchases a $12,000, 10-year, 10% nominal interest rate bond. Given that interest is paid semi-annually, and the bond was bought after the fifth payment had just been received by the previous owner. The purchase price for the bond was $8,000. All revenues (including capital gains) are taxed at an income rate of 28%. The bond is held to maturity. Give answer to 2 d.p and please don't use excel.If a corporation has an average tax rate of 30 percent, what is the approximate after cost of debt for a P1,000 par value bond selling for P1,120 that matures in 6 years and pays 12 percent interest annually? a. 8.5%b.6.6%c.12.0%d.13.2%
- Taxpayer Y, who has a 30 percent marginal tax rate, invested $65,000 in a bond that pays 8 percent annual interest. Compute Y’s annual net cash flow from this investment assuming that a. The interest is tax-exempt income.b. The interest is taxable income.On January 2, 2021, $225150 in 11 year, 5% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $189980. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $53630. On December 31, bond interest was paid; and dividends were declared and paid. What is the Bond Interest Expense on the Income Statement on December 31, 2021??a. Determine the annual before-tax interest cost for each company in dollars. b. Determine the annual after-tax interest cost for each company in dollars. (Round your answers to the nearest dollar amount.) c. Determine the annual after-tax interest cost for each company as a percentage of the face value of the bonds. (Round your answers to 1 decimal place.)
- On March 31, 2020, a calendar-year corporation sold 8% bonds with a face value of $6,000,000. These bonds mature in five years, and interest is paid annually on March 31. The bonds were sold for $5,536,000 to yield 10%. Using the effective interest method of computing interest, how much should be charged to interest expense in 2020?E Co. has incurred $10,000 in costs to issue bonds. The costs are fees paid to a transfer agent, commission on the sale of bonds, and other related fees and expenses. How should these costs be deducted for tax purposes? Question 10 options: Deduct $10,000 over a two-year period, claiming $5,000 per year. Deduct $10,000 over a five-year period, claiming $2,000 per year. Claim $10,000 once all the bonds are sold. Claim $10,000 as an expense once the bonds mature. B Co. plans to raise $200,000 for an expansion project through fixed dividend preferred shares at 9%. B's tax rate is 27%. How much corporate income will B require to service the cost of the expansion? Question 7 options: $0 $18,000 $24,658 $4,860On January 2, $217981 in 10 year, 5% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $185895.On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $53586. On December 31, bond interest was paid; and dividends were declared and paid. What is the Bond Interest Expense on the Income Statement on December 31? On January 2, $186442 in 11 year, 9% bonds with a market interest rate of 6%, and interest payable semiannually, were issued for $206254. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $59680. On December 31, bond interest was paid; and dividends were declared and paid. What is the Bond Interest Expense on the Income Statement on December 31?
- A 7-year municipal bond with a face value of $1,000 earns annual income of $480. Your marginal tax rate (including state and federal taxes) is 36%. What annual pretax income on a 7-year corporate bond of equal risk would provide you with the same annual after-tax income as the municipal bond?Assume that an individual owns a bond that they purchased for $100,000. The bond has a 10% coupon. The bond will mature in three years and is currently selling for $125,000. What tax planning technique can the investor utilize?A corporation issues $3,000,000 of 8%, 10-year bonds, interest payable semiannually. At the time the bonds are issued, the market rate is 12%. Determine the present value of bonds at issuance using the present value table below. Show computations in good form. Present Value of Principal: PV of annuity: PV of Bond Payable=