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WileyPLUS c0 secure! https://edugenwileyplus.com/edugen/student/mainfr.uni WileyPLUS: MyWileyPLUSI Help | Contact Us I Loq Out WileyPLUS Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTING (ACCT 301AB) Home Read, Study & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment Open Assignment CALCULATOR FULL SCREEN pRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Chapter 6 Assignment 1 E Bnef Exercise 6-1 Brief Exercise 6-15 Your answer is incorrect. Try again. Carla Inc. issues $2,110,100 of 11% bonds due in 13 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. ercise·5-5 What amount will Carla receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Bnef Exercise 6-9 E Bricf Exercise 6-10 Amount received by Carla when bonds were issued Click if you would like to Show Work for this question: Open Show Work ief Exerc LINK TO TEXT Review Score Question Attempts: 2 of 5 used SAVE FOR LATER SUBMIT Obicctivc 3:02 PM O Type here to search ^ Ge12/13/2017 e |

Explanation / Answer

Calculate issue price of bonds :

Issue price = Present value of interest+Present value of maturity

= (2110100*11%*6.42355)+(2210100*.22917)

Issue price = 1997465

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