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On January 1 of this year, Barnett Corporation sold bonds with a face value of $ 5 0 0 , 0 0 0 and a
On January of this year, Barnett Corporation sold bonds with a face value of $ and a coupon rate of percent. The bonds mature in years and pay interest annually on December Barnett uses the effectiveinterest amortization method. Ignore any tax effects. Each case is independent of the other cases. FV of $ PV of $ FVA of $ and PVA of $
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Complete the following table. The interest rates provided are the annual market rate of interest on the date the bonds were issued. Note: Use appropriate factors from the tables provided. Round your final answers to nearest whole dollar amount.
tableCase A percentCase B percentCase C percenta Cash received at issuance,,,b Interest expense recorded in Year c Cash paid for interest in Year d Cash paid at maturity for bond principal,,,
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