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Enviro Company issues 11.50%, 10-year bonds with a par value of $320,000 and semiannual interest payments On the issite date, the annual market rate for
Enviro Company issues 11.50%, 10-year bonds with a par value of $320,000 and semiannual interest payments On the issite date, the annual market rate for these bonds is 8.50%, which implles a selling price of 125,125 The straight-ine method is used fo allocate interest expense. 1. What are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What is the amount of bond interest expense recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. What are the issueria cash proceeds from issuance of these bonds? What are the issuer a casm procet Note: Round your final answer to nearent whole dollar amount 1. What are the issuer's cash.proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds 3. What is the amount of bond interest expense recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. What total amount of bond interest expense will be recognized over the life of these bonds? annual market rate for these bonds is 8.50%, which implles a selling price of 125.125 . The straight-line met interest expense. 1. What are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What is the amount of bond interest expense recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. What is the amount of bond interest expense recorded on the first interest payment date? Note: Round your final answer to nearest whole dollar amount
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