Compute the present value of a bond: The principal amount is $50,000,the stated rate is 3%,and the term of the bond is 6 years.The bond pays interest semiannually.At the time of issue,the market rate is 4%.Please compute the present value of the bond at market rate using the present value tables.
A) $39,400
B) $7,931
C) $47,331
D) $59,000
Correct Answer:
Verified
Q147: On January 1,2014,Partridge Company issued $50,000
Q148: Compute the present value of a bond:
Q149: On January 1,2013,Diab Services issued $140,000 of
Q150: On January 1,2013,Diab Services issued $140,000
Q151: If a company wishes to retire bonds
Q153: Rules of GAAP require that bond premiums
Q154: On January 1,2014,Partridge Company issued $50,000 of
Q155: If $10,000 is invested for one year
Q156: The time value of money is related
Q157: On January 1,2013,Diab Services issued $140,000 of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents