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1.How much cash would be paid to acquire the debt on 1/1/2018 (round to the nearest dollar)? Interest Premium Premium Amortized Cash revenue Amortization Balance

1.How much cash would be paid to acquire the debt on 1/1/2018 (round to the nearest dollar)?

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Interest Premium Premium Amortized Cash revenue Amortization Balance cost 0 1/1/2018 290 5,290 Face value 5,000 1 6/30/2018 100 53 47 243 5,243 Stated rate 0.04 2 12/31/2018 100 52 48 195 5,195 Term 3 years 3 6/30/2019 100 52 48 147 5,147 Market rate 0.02 4 12/31/2019 100 51 49 99 5,099 5 6/30/2020 100 51 49 50 5,050 6 12/31/2020 100 50 50 5,000

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