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What is the total amount of serial bonds

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Problem 1: Bavarian Sausage issued a 10-year 12% coupon bond. The face value of the bond is P1,000.00, and makes annual coupon payments. If the required return of the bond is 10%, what is the bond's price?

Problem 2: Goal Company had the following long-term debts: Sinking fund bonds, maturing in installments - P2,200,000; Industrial revenue bonds, maturing in installments - P1,800,000; Subordinated bonds, maturing on a single date - P3,000,000. What is the total amount of serial bonds?

Problem 3: On July 1, 2011, Torn Corporation issued 4,000 of its 8% P1,000 face value bonds payable for P3,504,000. The bonds were issued to yield 10%. The bonds are dated July 1, 2011 and will mature on July 1, 2021. Interest is payable semi-annually on January 1 and July 1. Using the effective interest method, what is the amount of the bond discount amortization for the six-month ended December 31, 2011?

Reference no: EM132672342

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