On Jan 1, Our Business the Sharks Corp Issued 7,000 Bonds at 103 50 Each Bond had a Face Value of $1,000 The Maturity Date is 20 years from Now The Face Rate of Interest is 4 20 Interest is Payable Annually on December 31st Answer the Questions Below, Input your Numbers as a number only with no Decimals or Dollar signs Input Word Answers as one word only in all small letters, no Capitals 1 Compute the Total Cash Proceeds Received by the Corporation on the Date the Bonds were issued 2 Compute the Amount Shown as Bonds Payable on the Balance Sheet immediately after the Bonds are issued 3 Compute the Amount Shown as Bonds Payable on the Balance Sheet at the End of Year 15 4 Compute the Amount of Interest to be paid on ONE Bond Annually 5 Compute the Total Amount of Interest i aid Every Year on All Bonds 6 Is this a Premium, Discount, or Par Value Bond 7 Which Interest Rate is Larger on the Date the Bonds were Issued , the Bond or the Market Interest Rate

Question

On Jan 1, Our Business the Sharks Corp Issued 7,000 Bonds at 103 50  Each Bond had a Face Value of $1,000  The Maturity Date is 20 years from Now The Face Rate of Interest is 4 20   Interest is Payable Annually on December 31st  Answer the Questions Below, Input your Numbers as a number only with no Decimals or Dollar signs  Input Word Answers as one word only in all small letters, no Capitals  1  Compute the Total Cash Proceeds Received by the Corporation on the Date the Bonds were issued   2  Compute the Amount Shown as Bonds Payable on the Balance Sheet immediately after the Bonds are issued   3  Compute the Amount Shown as Bonds Payable on the Balance Sheet at the End of Year 15    4  Compute the Amount of Interest to be paid on ONE Bond Annually   5  Compute the Total Amount of Interest i aid Every Year on All Bonds   6  Is this a Premium, Discount, or Par Value Bond    7  Which Interest Rate is Larger on the Date the Bonds were Issued  , the Bond or the Market Interest Rate

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On Jan-1, Our Business the Sharks Corp Issued 7,000 Bonds at 103.50% Each Bond had a Face Value of $1,000. The Maturity Date is 20

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