On October 1, 2023, Dejour Energy Inc. issued a $695,000,9.0%, seven-year bond. Interest is to...
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On October 1, 2023, Dejour Energy Inc. issued a $695,000,9.0%, seven-year bond. Interest is to be paid annually each October 1 . Dejour Energy Inc. has a November 30 year-end. (Use IABLE 14A.1 and TABLE 14A.2.). Note: Use table values for PV calculations. (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 10.0% on the date of the bond issue. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.)
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