Accounting hw help. Bond Fair Value.

[Masia]

Can someone help and explain please?

On January 1, 2013, Ithaca Corp. purchases Cortland Inc. bonds that have a face value of $310,000. The Cortland bonds have a stated interest rate of 8%. Interest is paid semiannually on June 30 and December 31, and the bonds mature in 10 years. For bonds of similar risk and maturity, the market yield on particular dates is as follows (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)

1.	Calculate the price Ithaca would have paid for the Cortland bonds on January 1, 2013 (ignoring brokerage fees).

 

[Deleted member 4993]

Can someone help and explain please?

On January 1, 2013, Ithaca Corp. purchases Cortland Inc. bonds that have a face value of $310,000. The Cortland bonds have a stated interest rate of 8%. Interest is paid semiannually on June 30 and December 31, and the bonds mature in 10 years. For bonds of similar risk and maturity, the market yield on particular dates is as follows (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)

1.	Calculate the price Ithaca would have paid for the Cortland bonds on January 1, 2013 (ignoring brokerage fees).

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[DexterOnline]

Can someone help and explain please?

On January 1, 2013, Ithaca Corp. purchases Cortland Inc. bonds that have a face value of $310,000. The Cortland bonds have a stated interest rate of 8%. Interest is paid semiannually on June 30 and December 31, and the bonds mature in 10 years. For bonds of similar risk and maturity, the market yield on particular dates is as follows :

You seemed to have missed providing us with the required rate of return(s), the YTM for us to help you find the fair value of bond.

Not sure if Towns or Colleges popularly known by those names would be allowed certificate of incorporation by the Vampire State of New York

But then anything is possible in Roman Empire State where lawmakers in Albany remind you of the shadowy figures usually seen in movies like God Father, Good Fellas and Departed or more like Criminal-Americans aka Italian-Americans.