HERE ARE QUESTIONS AND ANSWERS NEED TO KNOW STEP BY STEP HOW GOT ANSWERS

On January 1, M.Ward Inc. issues $100,000 of 3-year bonds with a coupon rate of 10%, coupon payments due on June 30 and December 31. The bonds were priced to yield 10% with semi-annual compounding (i.e., the market rate was 10%). What are the proceeds M.Ward receives from issuing these bonds? Use the attached present value tables Download attached present value tablesif necessary. Round your answer to the nearest cent.

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ANSWER- 100,000. MARGIN 0

What best describes this bond?

ANSWER- ISSUED AT PREMIUM

What will be the amount of the first cash payment? Round your answer to the nearest cent.

ANSWER- 5,000. MARGIN 0

What amount of interest expense will M.Ward recognize during the first year of this bond? Round your answer to the nearest cent.

ANSWER- 10,000. MARGIN 0

On January 1, TV Girl Inc. issues $100,000 of 3-year bonds with a coupon rate of 10%, coupon payments due on June 30 and December 31. The bonds were priced to yield 8% with semi-annual compounding (i.e., the market rate was 8%). What are the proceeds TV Girl receives from issuing these bonds? Use the attached present value tables Download attached present value tables, if necessary; do not use a spreadsheet or financial calculator, or you will get the wrong answer. Round your answer to the nearest cent

ANSWER- 105,240.05 MARGIN 0

What best describes this bond?

ANSWER- ISSUED AT PREMIUM

What will be the amount of the first cash payment? Round your answer to the nearest cent.

ANSWER- 5000. 0 MARGIN

What amount of interest expense will TV Girl recognize during the first year of this bond? Round your answer to the nearest cent.

ANSWER- 8,387.62 (with margin: 0.01)