On 2018-04-01, ABC issued 4.5% bonds, with a face amount of $10000. The bonds mature on 2028-04-01. The effective yield
Posted: Tue Jul 05, 2022 1:36 pm
- On 2018 04 01 Abc Issued 4 5 Bonds With A Face Amount Of 10000 The Bonds Mature On 2028 04 01 The Effective Yield 1 (71.98 KiB) Viewed 6 times
On 2018-04-01, ABC issued 4.5% bonds, with a face amount of $10000. The bonds mature on 2028-04-01. The effective yield for the bonds is 4%. Interest is paid semiannually on Apr and Oct 1. Use the effective rate method to amortize any discount or premium for the bond. Calculate the carrying values of the bond on the following dates: a. On 2018-04-01 b. On 2018-10-01 c. On 2019-04-01 d. On 2019-10-01 e. On 2020-04-01