NO.PZ2018062018000065
问题如下:
At the beginning of 2013, company M issued 5-year bonds with the face value of $2,000,000. The market interest rate is 6%, every 31 December the bonds will pay 5% coupon. At the time of issuance, the bonds payable can be calculated to be:
选项:
A.
$1,915,753
B.
$2,000,000.
C.
$957,876
解释:
A is correct. Notice that the market interest rate is greater than the coupon rate, the bond is a discount bond.
N=5, I/Y=6, FV=2,000,000, PMT=100,000, → PV=1,915,753
pv是现值,bonds payable是liability,face value是to maturity的carring value,cfo叫coupon,那每期的int. expense叫什么呢