E613 (Computation Of Bond Liability) George Hincapie Inc Manufactures Cycling Equipment

George Hincapie Inc
Bond issued for
$2,000,000
Coupon Rate
11% per annum
Interest payment every 6 months = ( March amp; September )=11%*6/12=
5.5%
From 1st March 2014 to 1st March 2019= 5 years…Financial Accounting