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ABC Company issues $565,000 of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the
ABC Company issues $565,000 of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the bond amortization schedule appears below. Date 01/01/2021 06/30/2021 12/31/2021 Cash Paid Interest Expense Change in Carrying Value Carrying Value $635,915 $16,950 16,950 $15,898 15,872 $-1,052 634,863 -1,078 633,785 Required: What is the original issue price of the bonds? O $635,915 $565,000 O $634,863 $581,950 What is the stated interest rate? 6.0% 5.0% 2.5% (3.0% What is the market interest rate?
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