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Exercise 2- Creating a bond amortization schedule On January 1, 2017, Walter White Inc. issued bonds with a par value of $80,000 that mature in
Exercise 2- Creating a bond amortization schedule On January 1, 2017, Walter White Inc. issued bonds with a par value of $80,000 that mature in 4 years. The interest on the bond is paid semi-annually, on June 30 and December 31 of every year. The coupon rate is 14%. The market interest rate for similar bonds is 12%. Required: Fill out the amortization schedule below. Round values to the nearest dollar Period 0: 01/01/2017 Discount/Premium balance Cash interest paymentInterest expense Net book value of bond 1: 06/30/2017 2: 12/31/2017 3: 06/30/2018 4 12/31/2018 5: 06/30/2019 6: 12/31/2019 7: 06/30/2020 8: 12/31/2020
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