What is the n for the present value calculation

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Question - On January 1, Pickett Company issued 10 year 10% coupon bonds with a par value of $100,000. The market rate of interest on the date of issuance was 12%. Interest is payable semi annually on June 30 and December 31.

Required -

1. What is the N for the present value calculation?

2. What is the i for the present value calculation (as a %)?

3. What is the amount of cash interest paid to the bondholders every six months (whole dollars, no cents)?

4. What is the issue price of the bonds (whole dollars, no cents)?

Reference no: EM133167013

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