Unit 6 Excersises

Unit 6 Excersises - 14-2 ANSWER:1)Par ValueCoupon...

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Unformatted text preview: 14-2 ANSWER:1)Par ValueCoupon RateTermCurrent YieldInterestPrice?PV of InterestPV of Bond's ValuePrice of Bond2)Par ValueCoupon RateCurrent YieldTermInterestPV of InterestPV of Bond's ValuePrice of bond3)Par ValueCoupon RateCurrent yieldTermInterestPV of InterestPV of Bond's ValuePrice of bond4)Par ValueCoupon RateCurrent yieldTermInterestPV of InterestPV of Bond's ValuePrice of bond5)Par ValueCoupon RateCurrent yieldTermInterestPV of InterestPV of Bond's ValuePrice of bond14-16Wilkins Food Products, Inc., acquired a packaging machine from Lawrence Spet Corporation. Lawrence completed construction of the machine on January 1, 2009. In payment for the machine Wilkins issued a three-year installment note to be paid in there equal payments at the end of each year. The payments include interest at the rate of 10%.Lawrence made a conceptual error in preparing the amortization schedule, which Wilkins failed to discover until 2011. The error had caused Wilkins to understate interest expense by $45,000 in 2009 and $40,000 in 2010.understate interest expense by $45,000 in 2009 and $40,000 in 2010....
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Unit 6 Excersises - 14-2 ANSWER:1)Par ValueCoupon...

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