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Business, 29.07.2019 20:20 neariah24

On january 1, 2018, instaform, inc., issued 10% bonds with a face amount of $50 million, dated january 1. the bonds mature in 2037 (20 years). the market yield for bonds of similar risk and maturity is 12%. interest is paid semiannually. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1-a. determine the price of the bonds at january 1, 2018. 1-b. prepare the journal entry to record their issuance by instaform. 2-a. assume the market rate was 9%. determine the price of the bonds at january 1, 2018. 2-b. assume the market rate was 9%. prepare the journal entry to record their issuance by instaform. 3. assume broadcourt electronics purchased the entire issue in a private placement of the bonds. using the data in requirement 2, prepare the journal entry to record the purchase by broadcourt.

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On january 1, 2018, instaform, inc., issued 10% bonds with a face amount of $50 million, dated janua...
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