Pretzelmania, inc., issues 7%, 10-year bonds with a face amount of $67,000 for $67,000 on january 1, 2021. the market interest rate for bonds of similar risk and maturity is 7%. interest is paid semiannually on june 30 and december 31. required: a. record the bond issue b. record the interest payment ondecember 31, 2012 (hint: interest expense is 7% times the carrying carrying value of$67,000 )

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as