Question: Compute Bond Proceeds, Amortizing Discount by Interest Method, and Interest Expense Boyd Co . produces and sells aviation equipment. On the first day of its

Compute Bond Proceeds, Amortizing Discount by Interest Method, and Interest Expense
Boyd Co. produces and sells aviation equipment. On the first day of its fiscal year, Boyd Co. issued $80,000,000 of five-year, 9% bonds at a market (effective) interest rate of 12%, with interest payable semiannually. Compute the following:

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