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Module 1 Discussion Forum Comment 2

Module 1 Discussion Forum Comment 2 - Module 1 DF Comment 2...

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Module 1 DF Comment 2 Chapter 12 / Exercise 1 Here's my attempt. (1) July 1, 2011 Investment in bonds (face amount) ...................................... $240,000,000 Cash (price of bonds) ................................................................................ $200,000,000 Discount on bond investment (difference) ................................................ $ 40,000,000 (2) Cash (3% x $240,000,000) .................................................. $7,200,000 Discount on bond investment (difference) .......................... $ 800,000 Interest revenue (4% x $200,000,000) ..................................................... $ 8,000,000
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