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2 Hillside issues $ 2 , 6 0 0 , 0 0 0 of 5 % , 1 5 - year bonds dated January 1
Hillside issues $ of year bonds dated January that pay interest semiannually on June and December
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The bonds are issued at a price of $
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For each semiannual period, compute a the cash payment, b the straightline premium amortization, and c the bond interest expense.
Note: Round your final answers to the nearest whole dollar.
tabletablePar maturityvalueAnnual Rate,,Year,,tableSemiannual cashinterest paymentaBond price,tablePar maturityvaluetablePremium onBondsPayabletableSemiannualperiodstableStraightlinepremiumamortizationbD:itableSemiannual cashpaymenttablePremiumamortizationtableBond interestexpensec
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