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Dashboard Technologies Ltd. issued bonds with a face value of $80,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and
Dashboard Technologies Ltd. issued bonds with a face value of $80,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are sold at 104.30 to yield 4.60%. The bonds pay interest semi-annually. (a) Complete the first four payments of the bond amortization schedule below: (Round answers to 0 decimal places, e.g. 125.) Interest Payment Interest Expense Amortization of Bond Premium Balance of Bond Premium Carrying Val of Bonds $3,440,000 $83,44
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