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23 An Goldstein issued AED 300,000 of 11%, five year bonds payable on January 1, 2018 The market interest rate at the date of issuance

23 An Goldstein issued AED 300,000 of 11%, five year bonds payable on January 1, 2018 The market interest rate at the date of issuance was 10%, and the bonds pay interest sinually (15 Points) SHOW WORK FOR PARTIAL CREDIT. Requirements a. Is the bond a Face Vaue, Premium, or Discount Hond? (2 points) How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dirham) (3 points) What is the total cash paid each interest period? (2 points) d What is the total interest paid on 31 December 2018? (2 points) What is the total premium amortized on 31 December 20187 (2 points) t. What is carrying value of the bond on 31 December 20187 points) g At maturity what will be total interest paid on the bond? AED (2 points)image text in transcribed

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