Sammys Incorporated issued 30 year bonds on January 1, 2015. The bonds had a face...
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Sammys Incorporated issued 30 year bonds on January 1, 2015. The bonds had a face value of $1000, and paid a coupon of 5 percent. On the date the bonds were issued, the market rate was 7 percent. A) (5 points) How much money did Sammy receive from selling the bonds (in other words, what was the price of the bonds) ? Show your work. B) (5 points) What was Sammys interest expense for each of the first 3 years, 2015-2017. Clearly Label your answers THREE answers. To get credit, you MUST show your work
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