Question: Help Save & Exit Subr 6 Check my world L.71 ints Quatro Co. Issues bonds dated January 1, 2019, with a par value of $710,000.
Help Save & Exit Subr 6 Check my world L.71 ints Quatro Co. Issues bonds dated January 1, 2019, with a par value of $710,000. The bonds' annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $728,598. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond Interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. eBook Hint Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Unamortized Carrying Premium Value $ 18,598 $ 728,598 Semiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 0 Taw
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