Question: pls reply fast Power Solutions Ltd. issues a $18,500,000, five-year 4.5% bond with semi-annual interest payments. Underwriting costs, paid up front, are $1184.000. The bond

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Power Solutions Ltd. issues a $18,500,000, five-year 4.5% bond with semi-annual interest payments. Underwriting costs, paid up front, are $1184.000. The bond sells at par 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) Effective interest Dominum 3. Prepare an amortization 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) Period Interest Expense Dorp Amortization Closing Net Bond Liab Op. balance 1 2

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