6 3 points 012325 Power Solutions Ltd. issues a $13,000,000, five-year, 4.5% bond with semi-annual Interest payments. Underwriting costs, paid up front, are $832,000. The bond sells at par. Required: 1. How much cash does Power receive when the bond is issued? Power receives $ 12,168,000 2. What is the effective interest rate on the bond? (Round your answer to the nearest whole percentage.) Effective interest rate per annum Mc Graw 3. Prepare an amortization table using the effective-interest method of amortization. Complete the first four payments only. (Round your effective Interest rate to the nearest whole percentage and your final answers to the nearest whole dollar.) Period Op balance Cash Interest Interest Paid Expense Dor P Amortization Closing Net Bond Liab. 1 2 3 4 < Prev 3 of 14 Next > S