Bond :
Face Value = 100,000
State Rate = 9%
Semi-annual Payments
Term = 3years
Market Rate of 12%
Amortize the bond to determine:
Year 1 Interest Expense
End of Year 1 carrying value.
My Answers:
Year 1 Interest Expense = 5,621.05
End of Year 1 carrying value =94,805.14
Am I correct?
0 answers