Question: TB PR Qu. 9-225 (Static) Astro World issues $20 million in bonds on... Astro World issues $20 million in bonds on January 1, 2024 that
TB PR Qu. 9-225 (Static) Astro World issues $20 million in bonds on... Astro World issues $20 million in bonds on January 1, 2024 that pay interest semiannually on June 30 and December 31 . A portion of the bond amortization schedule appears below: Required: 1. Were the bonds issued at face amount, a discount, or a premium? 2. What is the original issue price of the bonds? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000)) 3. What is the face amount of the bonds? (Enter your answer in dollors, not millions. (i.e., $5.5 million should be entered as 5,500,000)1 4. What is the stated annual interest rate? 5. What is the market annual interest rate? 6. What is the total cash paid for interest assuming the bonds mature in 20 years? (Enter your answer in dollors, not millions. (i.e., $5.5 million should be entered os 5,500,000) )
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