On January 2, 20x5, McGowan Corporation issued 20-year bonds payable with a face value of $300,000 and a face interest rate of 8 percent. The bonds were issued to yield a market interest rate of 9 percent. Interest is payable annually on January 2. In calculating the present value of the bond issue of January 2, 20x5, the
A) 9 percent rate will be used to calculate the present value of the face amount and the 8 percent rate will be used to calculate the present value of the periodic interest payments.
B) 9 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments.
C) 8 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments.
D) 8 percent rate will be used to calculate the present value of the face amount and the 9 percent rate will be used to calculate the present value of the periodic interest payments.
B
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Which of the following statements is true of the idea of public policy?
A. Courts have limited discretion in ruling on questions of public policy. B. The discretion of courts provide the legal system less flexibility that ensures a strict adherence to policies. C. Public policy is not affected by any social or economic change. D. A court's view of public policy is determined by what the court believes is in the best interests of society.
A ________ is a representation of the elements of the target population, which consists of a list or set of directions for identifying the target population
A) sampling frame B) census tract C) sampling unit D) hypothesis E) geodemographic template
Data that are interval or ratio in nature are ________
A) metric data B) independent data C) nonmetric data D) paired data
How should the sale of $3,000 worth of cash equivalents costing $2,500 be reflected on the statement of cash flows prepared under the indirect method?
a. $500 operating cash inflow b. No disclosure c. $500 operating cash outflow d. $500 subtraction in the reconciliation of earnings to net operating cash flow