Semiannualc as hinteres tpay ment 1700000 9 12 76500

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 4,000 34,000 1,700,000 Explanation: 1. Semiannual c as h interes t pay ment = $1,700,000 × 9% × 1/2 = $76,500 3. (a) Sold bonds at 98 ($1,700,000 × 0.98) = 1,666,000 (b) Sold bonds at 102 ($1,700,000 × 1.02) = 1,734,000 e z to.mhe c loud.mc gr a w- hill.c om/hm_a c c ounting.tpx? todo= pr intvie wSingle 4/4...
View Full Document

This document was uploaded on 03/03/2014 for the course MGMT ACCOU 2300 at Rensselaer Polytechnic Institute.

Ask a homework question - tutors are online