Question: For each scenario below, compute the accrued interest and cash received when the bond is issued. Scenario Face Value Stated Interest Rate Interest Payments Interest

For each scenario below, compute the accrued interest and cash received when the bond is issued.

Scenario Face Value Stated Interest Rate Interest Payments Interest Payment Date Issue Date Bond Issue Proceeds Aocrued Interest Cash Recaived 3 4 $850,000 $350,000 6% Semiannually Quarterly Semiannually Quarterly June 30 May August 31 $623,000 $357000 S850,000 $250,000 3% 5% 5% July 1 March 3 January 1 May 1 September 30 $963,200 S197500

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