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Dashboard Technologies Ltd. issued bonds with a face value of $60,000,000 that mature in 15 years. The bonds carry a 6.0% Interest rate and are
Dashboard Technologies Ltd. issued bonds with a face value of $60,000,000 that mature in 15 years. The bonds carry a 6.0% Interest rate and are sold at 106.11 to yield 5.40%. The bonds pay interest semi-annually (a) Your answer is correct Complete the first four payments of the bond amortization schedule below (Round answers to decimal places, eg. 125.) Interest Payment Date Interest Expense Amortization of Bond Premium Issuance Payment 1 S 1800000 S 1718982 $ 81018 Payment 1000000 1716795 83205 Payment 3 1800000 1714548 85452 Payment 4 1800000 1712241 87750 Dashboard Technologies Ltd, issued bonds with a face value of $60,000,000 that mature in 15 years. The bonds carry a 6.0% interest rate and are sold at 106.11 to yield 5.40%. The bonds pay interest semi-annually (a) Your answer is correct Complete the first four payments of the bond amortization schedule below (Round answers to decimal places, eg. 125.) Interest Expense Amortization of Bond Premium Balance of Bond Premium Carrying Value of Bonds $3.666,000 S63,666,000 1718982 s 81018 3584982 63584982 1716705 83205 3501777 63501777 1714548 85452 3416324 63416324 1712241 87759 3328565 63328565 What is the carrying value of the liability for these bonds at the end of payment 4? (Round answers to decimal places, eg. 125 Carrying Value of the Bonds $
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