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    Masia's Avatar
    Masia Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Apr 20, 2015, 11:47 AM
    Accounting Hw. Please help.
    Can someone help and explain please? :)

    On January 1, 2013, Ithaca Corp. purchases Cortland Inc. bonds that have a face value of $310,000. The Cortland bonds have a stated interest rate of 8%. Interest is paid semiannually on June 30 and December 31, and the bonds mature in 10 years.

    Required:
    1. Calculate the price Ithaca would have paid for the Cortland bonds on January 1, 2013 (ignoring brokerage fees)

    Bond Fair Value: ?
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Apr 20, 2015, 11:57 AM
    What do YOU think ?
    While we're happy to HELP we wont do all the work for you.
    Show us what you have done and where you are having problems..
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