On January 1 of this year, Nowell Company issued bonds with a face value of $240,000 and a coupon rate of 6.0 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 6.0%. 1. What was the issue price on January 1 of this year?
2. What amount of interest expense should be recorded on June 30 and December 31 of this year?
3. What amount of cash is owed to investors on June 30 and December 31 of this year?
4. What is the book value of the bonds on December 31 of this year, December 31 of next year?

1. What was the issue price on January 1 of this year?

since the coupon rate was 6% and the market rate was the same, the bonds will be sold at par, so their issue price = $240,000

2. What amount of interest expense should be recorded on June 30 and December 31 of this year?

interest expense = coupon rate = $7,200 (for both June 30 and December 31)

3. What amount of cash is owed to investors on June 30 and December 31 of this year?

Face value = $240,000

4. What is the book value of the bonds on December 31 of this year, December 31 of next year?

Face value = $240,000

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.