On january 1 2012 water world issues 26 million of 8 bonds

Reference no: EM13606554

On January 1, 2012, Water World issues $26 million of 8% bonds, due in 9 years, with interest payable semiannually on June 30 and December 31 each year. Water World intends to use the funds to build the world's largest water avalanche and the "tornado"-a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom.if the market rate is 6%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price.If the market rate is 8%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price.If the market rate is 10%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price.

Reference no: EM13606554

Questions Cloud

During 2010 yoder enterprises generated revenues of 60000 : during 2010 yoder enterprises generated revenues of 60000. the companys expenses were as follows cost of goods sold of

A 20-ft long non-uniform rod rest with its two ends on : a 20-ft long non-uniform rod rest with its two ends on scales. when a 120-lb person stands at the geometric center of

If the notes provides for interest compounded semiannually : on june 30 2008 raminc. borrowed 25000 from good bank. in connection with the transaction ram executed an 8 two-year

What is a 99 confidence interval on our estimate of mean if : what is a 99 confidence interval on our estimate of mean if our sample of 40 observations with a sample standard

On january 1 2012 water world issues 26 million of 8 bonds : on january 1 2012 water world issues 26 million of 8 bonds due in 9 years with interest payable semiannually on june 30

Three particles of masses m1 2 kg m2 3 kg and m3 5 kg : three particles of masses m1 2 kg m2 3 kg and m3 5 kg are fixed at the points 4 m 0 m 9 m 5 m and 7 m 5 m

Jammerz corp sells mp3 players jammerz provides all : jammerz corp. sells mp3 players. jammerz provides all customers a two-year warranty. the warranty guarantees free

Viking voyager specializes in the design and production of : viking voyager specializes in the design and production of replica viking boats. on january 1 2012 the company issues

A glass window pane has an area of 300 m and a thickness : a glass window pane has an area of 3.00 m and a thickness of 0.600 cm. if the temperature difference between its faces

User Account

All Pages