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Chapter 10 Assignment 6 of 15 > - 71 View Policies Current Attempt in Progress On November 1, 2020, Robert L. Carroll Paleontology Museum Inc.

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Chapter 10 Assignment 6 of 15 > - 71 View Policies Current Attempt in Progress On November 1, 2020, Robert L. Carroll Paleontology Museum Inc. issued $139,000,000 in 13% bonds, with interest payable on April 30 and October 31 each year. The bonds were issued at a price of 107.08 and had a maturity date of April 30, 2040. The interest expense for the first payment on April 30 is $8,967,682. The company's fiscal year end is October 31. (a) a + Chapter 10 Assignment 6 of 15 - 71 NR Calculate the cash proceeds from the issuance of these bonds and the yield on the bonds. (Round yield to 2 decimal places, e.g. 1.25%.) Cash Proceeds $ ta Yield e Textbook and Media List of Accounts

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