Question: Question 1: (7.5 points): B3, C3, D3 At the beginning of 2020 Mary Cor. issued 30,000 bonds for 10 years of $100 per bond.

Question 1: (7.5 points): B3, C3, D3 At the beginning of 2020

Question 1: (7.5 points): B3, C3, D3 At the beginning of 2020 Mary Cor. issued 30,000 bonds for 10 years of $100 per bond. The stated rate was 2% and the market rate was 5%. Instruction: 1- Calculate the carrying value for the bonds at the issuance date using Excel (2.5 Points). 2- Prepare the amortization schedule using Excel (5 Points). Question 2: (7.5 points): B3, C3, D3 On 1/1/2019 Karma corporation invested in held to maturity securities the face value was $300,000 the maturity date is 1/1/2030. The security market rate was 10% and the stated rate was 5%. Instruction: 1- Calculate the discount /premium if any on the security using Excel (2.5 Points). 2- Prepare the amortization schedule using Excel (5 Points).

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