[Solved] Use the Following to Answer Questions

Question 82
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Use the following to answer questions
The note about debt included in the financial statements of Healdsburg Company for the year ended December 31,2015 disclosed the following:
Debt.The following table summarizes the long-term debt of the Company at December 31,2015.All of the notes were issued at their face (maturity)value.
img Required: Assuming that the notes pay interest annually and mature on December 31 of the respective years,compute the following:
-Suppose that Healdsburg wants to buy back the 7.75% notes on December 31,2016, (i.e. ,five years early)when the going interest rate is 6%,thereby retiring the $345,154,000 in debt.How much would Healdsburg have to pay for the notes (principal only)?

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