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138 Polets) Company 11 $20,000,000 bond on Jonary 1, 3030 with a compof 9% The present vale of the bo bond has a 5-year life
138 Polets) Company 11 $20,000,000 bond on Jonary 1, 3030 with a compof 9% The present vale of the bo bond has a 5-year life and amortization method 120.811010 and de market cate of interest a) Is the bond ised at a face value, a discount or premium b) What is the amount of the semi-annual interest payments? Face Amount 20,000,000 Coupon Rate 8 Termsy paym 00,000,000*9%/22900,000 cash Interest Rate 8 c) What is the amount that will be recorded to interest expense each time an interest payment is made? 20,00 d) What is the carrying value of the bond on December 31, 2021
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