Chapter 11 Mini Case When math is required, to receive full credk - SHOW YOUR MATH, otherwise you will not receive credit (even if the answer is correct). You must submit your answer on a word document or spreadsheet. Hand written responses are not acceptable and will not receive credit. Submit on Blackboard, If submitted via email or another source you will not receive credit. If submitted late (after the due date and time) you will not recelve credit. Perry Bank has $450,000 of 9% bonds outstanding. The bonds were issued at 105 in 2018 and mature in 2038. The bonds have annual Interest payments. 1. How much cash did Perry Bank receive when It Issued these bonds? 2. How much cash In total will Perry Bank pay the bondholders through the maturity date of the bonds? 3. Calculate the difference between #11 and #2. This difference represents Perry Bank's total interest expense over the life of the bonds. 4. Compute Perry Bank's annual Interest expense using the straight-line amortization method. (Multiply this amount by 20. Your 20 year total should be the same as your answer to #3)