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  3. exercise 6-18 price of a bond: interest expense [l

Exercise 6-18 Price of a bond: interest expense [LO6-9] On June 30, 201 Singleton Computers...

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Exercise 6-18 Price of a bond: interest expense [LO6-9] On June 30, 201 Singleton Computers issued 8% stated rate bonds with a face amount of$100 million. The bonds mature on June 30, 2033 (15 years). The market rate of interest for similar bond issues was 5% (2.5% semiannual rate). Interest is paid semiannually of $) (Use appropriate factor(s) from the tables provided.) Required 1. Determine the price of the bonds on June 30, 2018 2 Calculate the interest expense Singleton reports in 2018 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the interest expense Singleton reports in 2018 for these bonds using the effective interest method. (Enter answers in whole dollars. Round your final answers to nearest whole dollar amount) Cash Interest Bond Interest Premiun Penod-End 06/30/2018 12/31/2018 ExpenseA Amortization Carnying Value Paid Requred 1

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