Advertisement This announcement appears as a matter of record only Global Corporation, Inc. $100,000,000 9.2% Series E Secured Debentures due May 16, 2025 guaranteed by Global Corporation and Company, Limited Partnership Lvesque Beaubein Geoffrion Inc. Nesbitt Bums Inc. Richardson Greenshields Toronto Dominion Wood Gundy Inc. of Canada Limited Securites Inc. Interest is payable on November 16 and May 16. who and SX.XX and Ma Requirement 1. Suppose investors purchased these securities at 97.5 on May 16, 2020. Describe the transaction in detail, indicating who received cash, who paid cash, and how much Global Corporation issued the bonds to investors in order to borrow $100 million from investors. Global Corporation received cash, and the investors paid cash of $97.5 million. The amount of the debentures payable on Global Corporation's books is $100 million, with a Discount on Debentures Payable of $2.5 million. Requirement 2. Compute the annual cash interest payment on the Global Corporation bonds. (Enter the amount in whole dollars, $X,XXX.) The annual cash interest payment on the bonds is $9,200,000 Requirement 3. Prepare an effective-interest amortization table for Global Corporation's first two payments, on November 16, 2020, and May 16, 2021. Assume the market rate at the date of issuance was 9.5 percent (Enter amounts in whole dollars, $X,XXX.) A B Interest Date Payment 4.6% C Interest Expense 4.75% D Discount Amortization E Unamortized Discount Balance F Bond Carrying Amount Nov. 16, 2020 May 16, 2021 4,600,000 4,600,000 4,750,000 150,000 4,750,000 150,000 a internet mortization method. (Enter the amount in whole dollars, $X.XXX.)