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Astro World issues $41 million in bonds on January 1, 2024, that pay interest semiannually on June 30 and December 31. Portions of the bond

Astro World issues $41 million in bonds on January 1, 2024, that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) Date 1/1/2024 6/30/2024 12/31/2024 (2) Cash Paid for Interest $1,435,000 1,435,000 (3) Interest Expense $1,372,156 1,370,271 (4) Decrease in Carrying Value $62,844 64,729 (5) Carrying Value $45,738,528 45,675,684 45,610,955 Required: 1. Were the bonds issued at face amount, a discount, or a premium? 2. What is the original issue price of the bonds? 3. What is the face amount of the bonds? 4. What is the stated annual interest rate? 5. What is the market annual interest rate? 6. What is the total cash paid for interest assuming the bonds mature in 20 years?
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Required: 1. Were the bonds issued at face amount, a discount, or a premium? 2. What is the original issue price of the bonds? 3. What is the face amount of the bonds? 4. What is the stated annual interest rate? 5. What is the market annual interest rate? 6. What is the total cash paid for interest assuming the bonds mature in 20 years? Complete this question by entering your answers in the tabs below. What is the original issue price of the bonds? (Enter your answer in whole dollars, not millions (i.e. entered as 5,500,000).) Complete this question by entering your answers in the tabs below. What is the face amount of the bonds? (Enter your answer in whole dollars, not millions (i.e., \$5 as 5,500,000 ).) What is the total cash paid for interest assuming the bonds mature in 20 years? (Enter your answer i.e., $5.5 million should be entered as 5,500,000.) Were the bonds issued at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. What is the stated annual interest rate? Astro World issues $41 million in bonds on January 1,2024 , that pay interest semiannually on June 30 and December 31 . Portions of the bond amortization schedule appear below: Required: 1. Were the bonds issued at face amount, a discount, or o premium? 2. What is the original issue price of the bonds? 3. What is the face amount of the bonds? 4. What is the stated annual interest rate? 5. What is the market annual interest rate? 5. What is the market annual interestrater 6. What is the total cash paid for interest assuming the bonds mature in 20 years? What is the market annual interest rate? (Round your answer to the nearest whole percent.)

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