Hello, I need help with the following question(s): Exam 4 Mail-jyarbrough001501

Question

Hello, I need help with the following question(s):

Exam 4 Mail-jyarbrough001501 XYG chegg Study | GuidedSc × vMInbox (1)-J.yarb 1 021 @9 ? ? ? ? Secure l https://newconnect.mheducation.com/ow.connect.html Exam4 6 Help Sa Ex Submit Saved 7 MC Qu. 130 A company issues... A company issues 9% bonds with a par value of $220,000 at par on January 1 The market rate on the date of issuance was 8% The bonds pay interest semiannually on January 1 and July 1 The cash pald on July 1to the bond holderís) is oCinis 01:5525 Multiple Choice $19.800 $17600 $9.900. Mc Graw ?Frey 70f 21111 Next > 4:35 PM O Type here to search ^??da) 7/26/2018

Explanation / Answer

7) $ 9,900 Working: The cash paid on July 1 = Par Value x Semi annual coupon rate = $       2,20,000 x 9% x 6/12 = $             9,900 8) $ 38,000 Working: The cash paid on July 1 = Par Value x Semi annual coupon rate = $       7,60,000 x 10% x 6/12 = $           38,000

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