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hey chegg, the correct answer for 4 is $9500 and for 5 is $282,522. could you lease expalin how to approach to the answer? 4.

hey chegg, the correct answer for 4 is $9500 and for 5 is $282,522. could you lease expalin how to approach to the answer?image text in transcribed

4. Chloe Corporation has $10,000 of 10-year bonds which have 3 years remaining to maturity on December 3 2014, and the unamortized premium remaining on these bonds was $1,200. Chloe uses straight-line amortization. On January 1, 2015, the company retired these bonds, and recognized a gain on retirement of bonds of $1,700. Determine the cash paid by Chloe Corporation on January 1,2015. 5. On April 1, 2016, Els Company issued $300,000 par value, 8 year bonds with a coupon rate of 7%. The bonds will pay seminnaual interest, starting October 1, 2016. If the market rate of interest on the issuance date is 8%, calculate the issuance price of the bonds. Round your answer to the nearest dollar

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