Bond Project for premium or discount bond questions Bond project.Please use the attachments below and answer all questions. written without the help of exc

Bond Project for premium or discount bond questions Bond project.Please use the attachments below and answer all questions. written without the help of excel. Also, use the table attached for the questions. Use the Present Value table as well as the present value of an annuity table.NO EXCEL GIVEN: The Ross Il Corporation issued a bond dated January 1, 2018 with a par value of $900,000.
The bond’s annual contract rate is 8% and interest is paid semi-annually on June 30 and December 31
of each year. The bond matures in 6 years. The market yield for bonds of similar risk
and maturity is 6%.
REQUIRED:
A. Is this a Premium or Discount Bond?
B. Determine the price of the bond (using Present Value Tables).
C. Determine the total amount of interest expense for the bond at maturity (prior to making
the amortization table).
D. Prepare the complete Amortization Table for this bond to maturity.
E. Prepare the Journal Entries for the date of issuance, first interest payment, and at maturity.
(make certain to include the dates for each Journal Entry).
TABLE B.1*
Present Value of 1
p = 1/(1 + 1)”
Rate
Periods Ve
6%
7%
8%
9%
10% 12% 15%
so
10
1 0.9901 0.9804 0.9709 0.9615
2 0.9803 0.9612 0.9426 0.9246
3 0.9706
0.9423 0.9151 0.8890
4 0.9610 0.9238 0.8885 0.8548
5 0.9515 0.9057 0.8626 0.8219
6 0.9420 0.8880 0.8375 0.7903
7 0.9327 0.8706 0.8131 0.7599
8 0.9235 0.8535 0.7894, 0.7307
9 10:9143 0.8368 0.7664 0.7026
0.9053 0.8203
0.7441 0.6756
0.8963 0.8043 0.7224 0.6496
12 0.8874 0.7885 0.7014 0.6246
13 0.8787 0.7730 0.6810 0.6006
0.8700 0.7579: 0.6611 0.5775
15 0.8613 0.7430 0.6419 0.5553 –
16 0.8528 0.7284 +0.6232 0.5339:
172 0.844725.0.7142060507, 05:134
18.3 0.836001+ 0.7002 v 0:58742/104936
19 0.8277200.68641747 0:570321 0:4746
-20
0.5537- 04564
25 0.7798 0.6095 0.4776 0.3751
30 0.7419 0.5521 0.4120 0.3083
35 30.7059
0.5000 4.0:3554 0.2534
-40 0.67172
0.4529
-0.3066 0.2083
0.9524 0.9434
0.9070 0.8900
0.8638 0.8396
0.8227 0.7921
0.7835 0.7473
0.7462 0.7050
0.7107 0.6651
0.6768 0.6274
0.6446 0.5919
0.6139 0.5584
0.5847 0.5268
0.5568 0.4970
0.5303 0.4688
0.5051 0.4423
0.4810 0.4173
0.4581 0.3936
0.4363 0.3714
0.4155 0.3503
0.3957 0.3305
0.3769 0.3118
0.2953 0.2330
0.2314 0.1741
0.1813 0.1301
0.1420
0.0972
0.9346 0.9259 0.9174 0.9091 0.8929 0.8696
0.8734 0.8573 0.8417 0.8264 0.7972 0.7561
0.8163 0.7938 0.7722 0.7513 0.7118 0.6575
0.7629 0.7350 0.7084 0.6830 0.6355
0.5718
0.7130 0.6806 0.6499 0.6209 0.5674
0.4972
0.6663 0.6302 0.5963 0.5645 0.5066 0.4323
0.6227 0.5835 0.5470 0.5132 0.4523 0.3759
0.5820 0.5403 0.5019 0.4665 0:4039* 0.3269
0.5439 0.5002 0.4604 0.4241 0.3606 0.2843
0.5083 0.4632 0.4224 0.3855 0.3220 0.2472
0.4751 0.4289 0.3875 0.3505 0.2875 0.2149
0.4440 0.3971 0.3555 0.3186 0.2567 0.1869
0.4150 0.3677 0.3262 0.2897 0.2292 0.1625
0.3878 0.3405 0.2992 0.2633 0.2046 0.1413
0.3624 0.3152 0.2745 0.2394 0.1827 0.1229
0.3387 0.2919 0.25192
602176 0.1631 0.1069
0:3166 0.2703 0.2311 0.1978 0.145690.0929
0.2959 0:2502.40.2120 0.1799 0.1300 0.0808
0.276560:2317 0:1945 01635 OT16’EST ?0.0703
0.25844 0.2145. 0:1784350r1486 4:1;10,103763 0.0617.
0.1842 0.1460 0.1160 0.0923 0.0588 0.0304
0.1314 0.0994 0.0754
0.0573. 10.0334 0.0151
0.0937 0.0676 0.0490 0:0356 0.0189 0.0075
0.0668 0.0460 0.0318
0.0221
0.0107 0.0037
-RAY
.
***
2
TABLE B.37
Present Value of an Annuity of 1
(1
>
*V
534172
Rate
Periods
45% 6% 7% 8% 9% 10% 12% 15%
LIARE
139.20.9901
20.980470.97098 0.9615 520.9524 4094345 0.9346 10:92598350917409091 0.8929: 0.8696
309704
1.9416 191351188618594 -18334 21:8080 17833, N7591117355 716901 1:6257
29410 28839.7 2.8286 27152:723239
26730 2.6243 $2:5771 *2531324869. 24018 T: 2.2832
3.9020 3.8077.327 3:629913335460223,4651 -13:38720 33121 323970331699 3.303735.728550
4-5 485342, 4713531579744518343295, 42124 451002 3:99272 3,8897 3.7908563:6048 33522
577955 5,604
5,2421
5,0757
49173 47665 4:62291 44859,9 48553 414 97845
77282 647201 62303) 6.00212315,7864 35:5824 5.38921 52064
5:0330 48684 25638 2016043
76517 713255 70197
6.7827 6.4632 26.2098 5.97131 5.77466 5.5348 53349 49676 44873
8.5660
88622 17861 7.4353 721078 6.8017 6:5152 : 6,2469 59952 571590 53282 42/16
194713 89826 8.5302 8.1109 17217 78607 740236 67101 16A172 6.146 5.6502 50188
10367697868-19.252631 8:7605 3 8.3064,53789693174987 T1390566:8052649515937, 15:2337
1125516 1105753 9,95404-93850 $8,8633, 8.3838 7194274 7.5361 716072568137 6:1944% 5.4206
131 21337 115484 10.6350 9.9856449 49.3936 8,8527.2 183577 79038, 574869 17.1034 – 6,4235 55831
14
13.0037
12:1062 11:2961 10.5631, 9.8986 9.2950 -8.7455 8.2442 9778624-7:3667 16.62821 35:7245
2155 13.8651,7128493250193797 10:1184 10.3797. 19:71229210798.5595138.0607-7606 6:81095.84745
16 14:7119 18:5777 12.5611 | 16523110.8378-10,1059 94466 8,8514
83126
7:8237 6.97401 – 59542
17 15:5623 114.2919 1311661 1221657 01.2741 310-4773 97632 9:12:16 08:5436 28021671119660472
18 16:3983 149920 137535 12.6593 11689633 10.8276 10.0591 9.3719 87556 8.2014 72497 1 6. 1280
19 202260 15:6785 14.3238 13:1939
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