On January 1, 2014, ABX Company issues $1,000,000 of 6-year bonds, with 5% coupon payable annually on December 31. The market rate of the bonds on January 1, 2014 is 4%.

ABX Company finances $ by this bond issue. (Assume there is no expenses on issuing the bond.) The interest expense of the bond in 2014 is $ The amount of cash paid as an interest on the bond in 2014 is $ The interest expense of the bond in 2015 is $ The carrying value of the bond at the end of 2014 is $ Question 6 The carrying value of the bond at the end of 2015 is $ Not yet answered Points out of 2.00 P Flag question Question 7 The total interest expense over the life of the bond is $ (Note: No need to consider the time value.) Not yet ABX Company finances $ by this bond issue. (Assume there is no expenses on issuing the bond.) The interest expense of the bond in 2014 is $ The amount of cash paid as an interest on the bond in 2014 is $ The interest expense of the bond in 2015 is $ The carrying value of the bond at the end of 2014 is $ Question 6 The carrying value of the bond at the end of 2015 is $ Not yet answered Points out of 2.00 P Flag question Question 7 The total interest expense over the life of the bond is $ (Note: No need to consider the time value.) Not yet