Chapter 24 Homework instructions help Question 1 (of 8) U D Save & Exit Submit 1. value: 10.00 points Refer to the following information: Amount issued Offered $360 million Issued at a price of 100.50% plus accrued interest (proceeds to company 98.614%) through First Boston Corporation. 8.25% per annum, payable February 15 and August 15. Interest a. Suppose the debenture was issued on September 1, 1992, at the offered price. How much would you have to pay to buy one bond delivered on September 15? Don't forget to include accrued interest. Assume a 365-day year. (Do not round intermediate calculations. Enter your answer as a percent of par rounded to 3 decimal places.) Amount to be paid b. What is the total dollar amount of the first interest payment? (Do not round intermediate calculations. Enter your answer in millions rounded to 4 decimal places.) Amount of payment million References eBook & Resources Worksheet Difficulty: Basic