$10$

On June $30,2024,$ Single Computers issued $6\%$ stated rate bonds with a face amount of $$200$ million. The bonds mature on June $30,2039(15$ years$).$ The market rate of interest for similar bond issues was $5\%(2\mathrm{.}5\%$ semiannual rate$).$ Interest is paid semiannually $(3\%)$ on June $30$ and December $31,$ beginning on December $31,2024.$

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

Determine the price of the bonds on June $30,2024.$

Calculate the interest expense Single reports in $2024$ for these bonds using the effective interest method.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Calculate the interest expense Single reports in $2024$ for these bonds using the effective interest method.

Note: Enter all the values as positive value. Round your final answers to nearest whole dollar amount, not in millions.

$\backslash$table$[[$Period$-$End,$\backslash$table$[[$Cash Interest$],[$Paid$]],\backslash$table$[[$Bond Interest$],[$Expense$]],\backslash$table$[[$Premium$],[$Amortization$]],$Carrying Value$],[\frac{06}{30}\frac{?}{2024},,,,],[\frac{12}{31}\frac{?}{2024},$$$6,000,000,$$$3,0,]]$