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Attached Income Statement, Balance Sheet, and footnote 3 on Debt from Cheasapeake Energy's 2015 Annual Report. Note that Carry Amount is NBV, and

Attached Income Statement, Balance Sheet, and footnote 3 on Debt from Cheasapeake Energy's 2015 Annual Report. Note that " Carry Amount" is NBV, and " Principle Amount" is Par. All rates in the footnote are coupon rate. Assume annual compounding.

  1. Calculate the ratio of Income before income tax divided by Total Equity
  2. the effective r% on the 8% senior secured second lien notes due 2022(Row 11 in the footnote 3 on Debt) is 3.5%. What is Carry Amount (NBV) at December 31, 2016?

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