Question: Compute bond proceeds, amortizing premium by interest method, and interest expense DATA Face amount of bonds $28,000,000 Contract rate of interest 11% Term of bonds,

Compute bond proceeds, amortizing premium by interest method, and interest expense DATA Face amount of bonds $28,000,000 Contract rate of interest 11% Term of bonds, years 3 Market rate of interest 8% Interest payment Semiannual Using formulas and cell references, perform the required analysis, and input your answers into the Amounts column. Transfer the numeric results for the green entry cells (C13:C16) into the appropriate fields in CNOWv2 for grading. Amounts Formulas a. PV of cash proceeds b. Premium amortized for the 1st interest payment period c. Premium amortized for the 2nd interest payment period d. Interest expense for the 1st year

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