Question: Sanderson Corp. issued ( $ 2 0 , 1 7 0 , 0 0 0 ) of bonds payable on 1 June
Sanderson Corp. issued $ of bonds payable on June times The bonds are year bonds, and bear interest at per annum, payable semiannually each May and November. The bonds were issued to yield per annum.
Required:
Calculate the proceeds from issuance and interest expense and interest paid for the first six months that the bond is outstanding. Round time value factor to mathbf decimal places. Round your final answers to the nearest whole dollar amount.
Calculate the proceeds from issuance if the yield rate is and the bond is issued on June times still with the original maturity date. Also calculate interest expense and interest paid for the first six months that the bond is outstanding. Round time value factor to decimal places. Round your final answers to the nearest whole dollar amount.
Calculate the proceeds from issuance if the yield rate is and the bond is issued on November X still with the original maturity date. Also calculate interest expense and interest paid for the first six months that the bond is outstanding. Round time value factor to decimal places. Round your final answers to the nearest whole dollar amount.
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