Question: BZ Corp issues 7% , 10-year bonds with a total face amount of $1,000,000 . The market interest rate for bonds of similar risk and

BZ Corp issues 7%, 10-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually.

8. $___________ What is the issue price of the bond?

9. $___________. When the company records the 2nd interest payment, how much will the company record for interest expense?

10. $___________. What is the bond liability (carrying amount) after the 2nd interest payment?

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