Question: Part III: A Bond Problem (6 points) You have part of an amortization table for bonds payable. It looks like this: Cash Interest Payment Interest

Part III: A Bond Problem (6 points) You have part of

Part III: A Bond Problem (6 points) You have part of an amortization table for bonds payable. It looks like this: Cash Interest Payment Interest Expense Amortization .these amounts are not needed to solve the problem. Date Book Value S 700,000 700,000 12-31-16 $9,668.753 9,742,253 S773,500 $73,500 12-31-17 12-31-18 Also, you know that the face value/principal amount is $10,000,000 Please show your calculations. 1. What is the market (effective) interest rate? State this on an annual basis 2. What is the stated (coupon) interest rate? 3. Were these bonds issued at a premium, discount or face value? How do you know this

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