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On January 1, 2020, our company sold bonds with a face value of $100,000,000. These bonds are due in 8 years. The stated annual interest
On January 1, 2020, our company sold bonds with a face value of $100,000,000. These bonds are due in 8 years. The stated annual interest rate is 10% per year, payable semiannually on June 30 and December 31. The bonds were sold to yield the investor 8%. Question 5 2 pts Using the information above, along with the PV tables in this assignment, the amount of cash received from the issuance of the bonds on January 1, 2020 would be? (enter whole dollars with no dollar sign but with commas) note: use the PV tables included in this assignment if you get feedback that your answer is incorrect (your calculator will likely come up with a more precise but different calculation due to the # of digits behind the decimal place) Question 6 2 pts Using the information from the last set of facts above, the first entry to record interest expense will include a debit to interest expense for how much? (enter whole dollars with no dollar sign but with commas) Question 7 2 pts Using the information from the last set of facts above, the second entry to record interest expense will include a debit to interest expense for how much? (enter whole dollars with no dollar sign but with commas)
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