Question: Problem 9 - 6 A ( Algo ) Understand a bond amortization schedule ( L 0 9 - 5 ) [ The following information applies
Problem A Algo Understand a bond amortization schedule L
The following information applies to the questions displayed below.
On January Paradise Hollow Resort issues $ million of bonds that pay interest semiannually
on June and December Portions of the bond amortization schedule appear below:
Issue price
What is the face amount of the bonds? Enter your answer in whole dollars, not millions ie $ million should be
entered as
What is the stated annual interest rate?
Stated annual interest rate
What is the market annual interest rate? Round your answer to one decimal place.
What is the total cash paid for interest assuming the bonds mature in years? Enter your answer in whole dollars,
not millions ie $ million should be entered as
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