Question: Sanderson Corp. issued ( $ 2 0 , 1 7 0 , 0 0 0 ) of bonds payable on 1 June

Sanderson Corp. issued \(\$ 20,170,000\) of bonds payable on 1 June \(20\times 5\). The bonds are 8-year bonds, and bear interest at \(5.5\%\) per annum, payable semi-annually each 31 May and 30 November. The bonds were issued to yield \(6\%\) per annum.
Required:
1. 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 \(\mathbf{5}\) decimal places. Round your final answers to the nearest whole dollar amount.)
2. Calculate the proceeds from issuance if the yield rate is \(8\%\) and the bond is issued on 1 June \(20\times 7\), 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 5 decimal places. Round your final answers to the nearest whole dollar amount.)
3. Calculate the proceeds from issuance if the yield rate is \(4\%\) and the bond is issued on 30 November 20X9, 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 5 decimal places. Round your final answers to the nearest whole dollar amount.)
Sanderson Corp. issued \ ( \ $ 2 0 , 1 7 0 , 0 0

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