Chat with us, powered by LiveChat M110 – What is the maturity value of the bond | acewriters
+1(978)310-4246 credencewriters@gmail.com
  

Quiz 7 M110 – Spring 2017 In order to receive credit for your answer, all your work must be shown. On January 1, 2010, Bland Co. issues $1,000,000 of five year bonds with a stated interest rate of 8%,payable semiannually. When the bonds were issued, the market rate of interest on comparableinvestments was 10%.1. What is the maturity value of the bond?2. What amount of cash did Bland Co. receive on the issuance of the bonds?3. Using the effective-interest rate method, determine the carrying value of the bond on December31, 2012.4. Using the straight-line method, determine the carrying value of the bond on July 1, 2014.

error: Content is protected !!