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has $600,000 of 10% debenture bonds outstanding. The bonds were bsued at 104 in 2021 and mature in 2049 . Requirements 1. How much cash

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has $600,000 of 10% debenture bonds outstanding. The bonds were bsued at 104 in 2021 and mature in 2049 . Requirements 1. How much cash did Municpar Bark recelve when it lasued these bonds? 2. How much cash in fotal witi Muriches Bark pay the bononoliders trough the maturity date of the bonds? 3. Calculabe the difference between your answers to requirements 1 and 2 . This diference represents Municipal Bank's total interest expense over the life of the bonds 4. Corrpute Municipal Bank's annual interest expense using the straightatne amortization nethod. Mutiply this amount by 20 . Your 20-year totai should be the same as your answer to requilement 3 . Municipal Bank has $600,000 of 10% debenture bonds outstanding. The bonds were issued at 104 in 2021 and mature in 2041 . The bonds have annual interest payments Read the requirements Requirement 1. How much cash did Municlpal Bank receive when it issued these bonds? At the time the bonds were issued, Munidipal Bank recelved cash of

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