Crane Technologies Ltd. issued bonds with a face value of $56,000,000 that mature in 15 years....
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Crane Technologies Ltd. issued bonds with a face value of $56,000,000 that mature in 15 years. The bonds carry a 6.0% interest rate and are sold at 105.06 to yield 5.50%. The bonds pay interest semi-annually. Complete the first four payments of the bond amortization schedule below: (Round answers to O decimal places, e.g. 12 Date Interest Payment Interest Expense Amortization of Bond Premium Issuance Payment 1 1A $ 1680000 $ Payment 2 1680000 Payment 3 1680000 Payment 4 1680000 LA Balance of Bond Premium $2,833,600 Carrying Value of Bonds $58,833,600 Crane Technologies Ltd. issued bonds with a face value of $56,000,000 that mature in 15 years. The bonds carry a 6.0% interest rate and are sold at 105.06 to yield 5.50%. The bonds pay interest semi-annually. Complete the first four payments of the bond amortization schedule below: (Round answers to O decimal places, e.g. 12 Date Interest Payment Interest Expense Amortization of Bond Premium Issuance Payment 1 1A $ 1680000 $ Payment 2 1680000 Payment 3 1680000 Payment 4 1680000 LA Balance of Bond Premium $2,833,600 Carrying Value of Bonds $58,833,600
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