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Compute bond proceeds, amortizing discount by interest method, and interest expense DATA Face amount of bonds $84,000,000 Contract rate of interest 7% Term of bonds,
| Compute bond proceeds, amortizing discount by interest method, and interest expense | |||
| DATA | |||
| Face amount of bonds | $84,000,000 | ||
| Contract rate of interest | 7% | ||
| Term of bonds, years | 5 | ||
| Market rate of interest | 11% | ||
| Interest payment | Semiannual | ||
| Using formulas and cell references, perform the required analysis, and input your answers into the Amount column. Transfer the numeric results for the green entry cells (C13:C16) into the appropriate fields in CNOWv2 for grading. | |||
| Amount | Formulas | ||
| a. | PV of cash proceeds | ||
| b. | Discount amortized for the 1st interest payment period | ||
| c. | Discount amortized for the 2nd interest payment period | ||
| d. | Interest expense for the 1st year | ||
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A Guide To Project Auditing
Authors: Association For Project Management
1st Edition
1903494745, 978-1903494745
