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Calculate bond proceeds under the following assumption: Principal amount $400 million Coupon rate 7.625% annually Interest payments Semi-annually Market rate of interest 6% Enter your

Calculate bond proceeds under the following assumption:

Principal amount $400 million

Coupon rate 7.625% annually

Interest payments Semi-annually

Market rate of interest 6%

Enter your answer as a whole number (i.e. 400,000,000)

Assume actual proceeds were $450 million, show the impact on the balance sheet. (choose best answer)

Assets

Liabilities

Equity

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