Determine the total interest expense for 20Y1. Enter amount as a positive number.

Points:

1 / 1

4. Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interest?

Yes

No

Points:

1 / 1

5. Compute the price of $43,768,920 received for the bonds by using the present value tables. (Round to the nearest dollar.)

Present value of the face amount
Present value of the semiannual interest payments
Price received for the bonds

Points:

1 / 3

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