Question: pls reply fast and accurate Help Power Solutions Ltd. Issues a $18,500,000, five-yeat, 4.5% bond with semi-annual interest payments. Underwriting costs, paid up front. are

pls reply fast and accurate Help Power Solutions Ltd. Issues a

pls reply fast and accurate

Help Power Solutions Ltd. Issues a $18,500,000, five-yeat, 4.5% bond with semi-annual interest payments. Underwriting costs, paid up front. are $1184,000. The bond sells at pat Required: 1. How much cash does Power receive when the bond is issued? Power receives 2. What is the effective interest rate on the bond? (Round your answer to the nearest whole percentage) El por annum 3. Prepare an emortization table using the effective interest method of amortization Complete the first four payments only (Round your effective interest rate to the nearest whole percentage and your final answers to the nearest whole dollar) interest Paid Interest Expense Dorp Amortization Closing Net Bond Liabi Op balance 1 2 Prey 1 of 14 21 Next >

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