Martin Luther King Jr. was born at noon Tuesday, January 15, 1929, at the family home, 501 Auburn Avenue, N.E., Atlanta, Georgia. Dr. Charles Johnson was the attending physician. Martin Luther King Jr., was the first son and second child born to the Reverend Martin Luther King, Sr., and Alberta Williams King.
Example â Calculating the Purchase Price for a Bond with Accrued Interest. You purchase a corporate bond with a settlement date on September 15 with a face value of $1,000 and a nominal yield of 8%, that has a listed price of 100-08, and that pays interest semi-annually on February 15 and August 15.
Market Price of Bonds Payable. [Key Concept] Price of bonds = Present value of principal + Present value of interest payments Interest to be paid each period is determined by coupon rate (stated interest rate) for that period. Present value calculation is based on market interest rate. [Exercise 1] On January 1, 2011, Company A issues long-terms bonds which are due on January 1, 2016. Interest is paid semiannually on January 1 and July 1 each year. Face amount of bonds is $500,000 with stated interest rate (coupon rate) of 10%.