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On january 1 2012 water world issues 44 million of 10 bonds

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On January 1, 2012, Water World issues $44 million of 10% bonds, due in 8 years, with interest payable semiannually on June 30 and December 31 each year.

  • 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.
  • f the market rate is 12%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price.

Reference no: EM13582548

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