citi bank= town bank

Town Bank has 5650,000 of 10% debenture bonds outstanding. The bonds were issued at 102 in 2018 and mature in 2038. The bonds have annual interest payments. Read the requirements Requirement 1. How much cash did Town Bank receive when it issued these bonds? Town Bank received at bond issuance Requirements 1. How much cash did Town Bank receive when it issued these bonds? 2. How much cash in total will Town Bank pay the bondholders through the maturity date of the bonds? 3. Calculate the difference between your answers to requirements 1 and 2. This difference represents Town Bank's total interest expense over the life of the bonds 4. Compute Town Bank's annual interest expense using the straight-line amortization method. Multiply this amount by 20. Your 20-year total should be the same as your answer to requirement 3. Print Done 3 Requirement 1. How much cash did City Bank receive when it issued these bonds? Cty Bank received at bond issuance Requirement 2. How much cash in total wit Cry Bank pay the bondholders through the manunty date of the bonda? Cay Bank will pay the borders through the many date of the bonds Requirement 3. Calculate the diference between your answers to requirements 1 and 2 This diference representa Cry Bank's total interest expense over the life of the bonds The difference between n your answers to requirements 1 and 2 is Requirement 4. Computer Cry Bank's man interest expense by the strag-ine anonization method Multiply this amount by 20 You 20-year tota should be the same as your answer to requirement) Cay Bank's area interest expense by the straight line amortization method as Requirement 4. Computer Cay Bank's annual interest expenne by the straightina amortizaton matrod Mupy this amount by 20 Your 20-year tes should be the same as your answer to megurament 3 City Banks annual interest expense by the straight-iro amortization methods Multiply the annual interest expense by 205 Is your 20 year to the same as your answer to requirement