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What is the total cash received on the issue date

Problem 1) Amstop Company issues $20,000,000 of 10-year, 9% bonds on March 1, 2007 at 97 plus accrued interest. The bonds are dated January 1, 2007, and pay interest on June 30 and December 31. What is the total cash received on the issue date?

Problem 2) On January 1, 2007, Bleeker Co. issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are below. What is the issue price of the bonds?

Present value of 1 for 8 periods at 6%.. .... .627

Present value of 1 for 8 periods at 8%.. .... .540

Present value of 1 for 16 periods at 3%.. .... .623

Present value of 1 for 16 periods at 4%.. .... .534

Present value of annuity for 8 periods at 6%.. .. 6.210

Present value of annuity for 8 periods at 8%.. .. 5.747

Present value of annuity for 16 periods at 3%.. 12.561

Present value of annuity for 16 periods at 4%......11.652

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## Q : What is the value of bart equity

You have acquired the following data on your firm: What is the value of Bart's equity?