What was the total issue price of the bonds, Accounting Basics

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What was the total issue price of the bonds

On January 1, 2012, Haley Co. issued ten-year bonds with a face amount of $3,000,000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. Present value factors are as follows:
At 8% At 10%
Present value of 1 for 10 periods 0.463 0.386
Present value of an ordinary annuity of 1 for 10 periods 6.710 6.145
what was the total issue price of the bonds ?

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Accounting Basics: What was the total issue price of the bonds

Reference No:- TGS047812

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Recent Questions Asked Accounting Basics

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Accounting Basics: What was the total issue price of the bonds

Reference No:- TGS047812

Recent Questions Asked Accounting Basics

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