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Homework: Chapter 9 - HW Score: 0 of 1 pt S9-11 (similar to) Save 45 of 10 (8 complete) HW Score: 72.78%, 7.28 of 10

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Homework: Chapter 9 - HW Score: 0 of 1 pt S9-11 (similar to) Save 45 of 10 (8 complete) HW Score: 72.78%, 7.28 of 10 pts Question Help co en Corporation issued S640,000 of 5%, 15-year bonds payable on March 31, 2016 The market interest rate at the date of issuance was 10%, and the Cowen Corporation bonds pay interest semiannually. Cowen Corporation's year-end is March 31 1. Using the PV function in Exce calculate the issue price of the bonds 2. Prepare an effective-interest amortization table for the bonds through the first three interest payments. Round amounts to the nearest dollar 3. Record Cowen Corporation's issuance of the bonds on March 31, 2016, and payment of the first semiannual interest amount and amortization of the bond discount on September 30, 2016. Explanations are not required 1. Using the PV function in Excel calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is s Enter any number in the edit fields and then click Check Answer parts Clear All Check Answer up

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