Question: Saved Help Save & Exit Submit Tahoe Tent Ltd. issued bonds with a par value of $809,000 on January 1, 2020. The annual contract rate

Saved Help Save & Exit Submit Tahoe Tent Ltd. issued bonds with a par value of $809,000 on January 1, 2020. The annual contract rate on the bonds was 16.50%, and the interest is paid semiannually. The bonds mature after three years. The annual market interest rate at the date of issuance was 14.50%, and the bonds were sold for $847,265 a. What is the amount of the original premium on these bonds? (Use financial calculator for calculating PV's. Round the final answer to the nearest whole dollar.) Premium b. How much total bond Interest expense will be recognided over the life of these bonds? (Do not round intermediate calculations. Round the final answer to the nearest whole dollar) Total interest expenso c. Present an amortization table for these bonds, use the effective interest method of allocating the interest and amortizing the premium. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Cash Interest Paid Period Interest Expense Premium Amort. Unamortized Premium Carrying Value 33 Period Ending Jan. 1/20 June 30/20 Dec 31/20 June 30/21 Dec 31/21 June 30/22 Dec. 31/22 Totals $ os 0 $ re to search o li E # 9 ENG 20-08 1- $ 2 3 % 5 6 & 7 00 O E RT Y U O S D LL G H J K K IL V B. N M M
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