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Perron Manufacturing issued $9,000,000 face value of 4% bonds on July 1st, 2022. Additional information on the bond issue is as follows: Bond Date July

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Perron Manufacturing issued $9,000,000 face value of 4% bonds on July 1st, 2022. Additional information on the bond issue is as follows: Bond Date July 1st, 2022 July 1st, 2032 Maturity Date Yield rate 4.5% Interest payment dates June 30th and December 31st Bond discount/premium amortization Effective Interest Rate Method December 31st Year end (For all requirements, do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Required: 4. On January 1st, 2028, Perron redeemed 40% of the bonds outstanding at 982. a. Calculate the carrying value of the bond on January 1st, 2028. (2 marks) Bond Carrying Value b. Calculate the amount of cash paid. (2 marks) Cash paid (enter an absolute amount) c. Calculate the gain or loss on redemption. (4 marks) O No Gain/Loss Gain Loss Amount of Gain/Loss. Enter "-", if it is a loss

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