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I am having a problem figureing out how to find a bonds issue price here is one of the many account problems I need to solve. I figure if I can see how one is calculated I could figure out the rest. The interest is paid semiannually on June 30 and dec 31. The bonds have a $20,000 par value an...
Donaldson Company issued $5,000 of 10-year bonds paying 10% annual interest. The current market rate of interest on comparable issues is 12%. What is the issue price of the bonds? I think it is $5000, but I'm unsure. Can someone please help?
The issue price of bonds is equal to a. the present value of the principal b. the present value of the interest c. the present value of the principal minus the present value of the interest d. the present value of the principal plus the present value of the interest I think the answer is...
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