Home / Questions / On June 30 2007 semi annual secured bonds having a face value
On June 30, 2007, semi annual secured bonds having a face value of $200,000, a life of 10 years and a coupon rate of 7% were purchased to yield 6%. Assume that $214,878.28 was paid for the bonds.
a. |
What amount of interest revenue should be recorded at the first interest receipt date? |
b. |
What amount of premium (or discount) will be amortized at thefirst interest receipt date? |
c. |
What is the amount of cash flow at the first interest receipt date? |
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