Check my work 8 QS 10-11 (Algo) Straight-Line: Premium bond computations LO P3 0.58 points Enviro Company issues 6.50%, 10-year bonds with a par value of $350,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 3.50%, which implies a selling price of 125.875. The straight-line method is used to allocate interest expense. 1 Roos 1. What are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What is the amount of bond interest expense recorded on the first interest payment date? Hint Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 What are the issuer's cash proceeds from issuance of these bonds? (Round your final answer to nearest whole dollar amount.) References Cash proceeds Red Required 2 > Check my work 8 00 QS 10-11 (Algo) Straight-Line: Premium bond computations LO P3 0.68 points Enviro Company issues 6.50%, 10-year bonds with a par value of $350,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 3.50%, which implies a selling price of 125.875. The straight-line method is used to allocate interest expense. eBook 1. What are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What is the amount of bond interest expense recorded on the first interest payment date? Hint Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 What total amount of bond interest expense will be recognized over the life of these bonds? References Total Bond Interest Expense Over Life of Bonds: Amount repald: payments of Par value at maturity Total repayments Less amount borrowed (from part 1) Total bond interest expense Check my work 8 QS 10-11 (Algo) Straight-Line: Premium bond computations LO P3 0.68 points Enviro Company issues 6.50%, 10-year bonds with a par value of $350,000 and semiannual interest payments. On the issue date, the allocate annual market rate for these bonds is 3.50%, which implies a selling price of 125.875. The straight-line method is used interest expense. eBook 1. What are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What is the amount of bond interest expense recorded on the first interest payment date? Ant Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 What is the amount of bond interest expense recorded on the first interest payment date? (Round your final answer to nearest whole dollar amount.) References Bond interest expense
