J.

Gonzales

DERIVATIONS Bonds Payable

No.

Answer Derivation

1.

P2,000,000 .534 = P1,068,000.

2.

(P2,000,000 .03) 11.652 = P699,120.

3.

P1,068,000 + P699,120 = P1,767,120.

4.

(P14,703,109 .04) + 14,706,233 .04) = P1,176,374.

5.

P14,703,109 + [(P14,703,109 .04) P585,000]

+ [P14,706,233 .04) P585,000] = P14,709,482.

6.

P14,703,109 + (P296,891 3/20) = P14,747,642.

7.

(P15,000,000 .078) + (P296,891 20) = P1,184,845.

8.

(P9,802,072 .04) + (P9,804,154 .04) = P784,248.

9.

P9,802,072 + [(P9,802,072 .04)- P390,000] + [(P9,804,154 .04)-P390,000]

= P9,806,321.

10.

P9,802,072 + (P197,928 3/20) = P9,831,762.

11.

(P10,000,000 .078) + (P197,928 20) = P789,896.

12.

(P2,000,000 1.04) P2,000,000 = P80,000 premium.

13.

[(P2,000,000 .05) 3/12] [(P80,000 10) 3/12] = P23,000.

14.

(P3,000,000 1.04) P3,000,000 = P120,000 premium.

15.

[(P3,000,000 .05) 3/12] [(P120,000 10) 3/12] = P34,500.

16.

(P1,389,600 .06) = P83,376; [P83,376 (P1,500,000 .05)] = P8,376

(P1,389,600 + P8,376) .06 = P83,879
P83,376 + P83,879 = P167,255.

17.

(P2,817,000 .10) (P3,000,000 .09) = P11,700

(P3,000,000 P2,817,000) P11,700 = P171,300.

18.

(P4,000,000 .11) (P4,260,000 .10) = P14,000

(P4,260,000 P4,000,000) P14,000 = P246,000.

19.

(P1,111,680 .06) = P66,701; [P66,701 (P1,200,000 .05)] = P6,701

(P1,111,680 + P6,701) .06 = P67,103
P66,701 + P67,103 = P133,804.

20.

P500,000 P481,250 = P18,750 discount.

J. Gonzales

21.

P518,725 P500,000 = P18,725 premium.

22.

(P3,000,000 1.02) (P3,000,000 P240,000 P180,000) = P480,000.

23.

(P2,500,000 1.02) (P2,500,000 P200,000 P150,000) = P400,000.

24.

$54,000 2
.4 = P821,200 (CV of retired bonds)
$2,054,000
18
6

P821,200 (P800,000 .98) = P37,200.

$108,000

7 2/9 = P807,200 (CV of retired bonds)

$3,600,000x1.03
10

P807,200 (P800,000 .96) = P39,200.

25.

26.

P760,000 + [(P760,000 .06) (P800,000 .05)] = P765,600 (CV of bonds)

P765,600 (P800,000 1.02) = P50,400.

27.

P600,000 + P200,000 = P800,000.

28.

P2,080,000 [(P2,000,000 .06) (P2,080,000 .05)] = P2,064,000 (CV of

bonds)
(P2,000,000 1.04) P2,064,000 = P16,000.

29.

{P14,400,000 + [P600,000 (3 2/3 10)]} .60 = P8,772,000

P9,180,000 P8,772,000 = P408,000.

30.

{P2,880,000 + [P120,000 (3 2/3 10)]} .60 = P1,754,400

P1,836,000 P1,754,400 = P81,600.

31.

(P10,000,000 .97) + (P900,000 2/12) = P9,850,000.

32.

(P15,000,000 .78120) + (P450,000 8.75206) = P15,656,427.

33.

(P20,000,000 .97) + (P1,800,000 2/12) = P19,700,000.