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Please don't handwrite the answers. Part B On January 1, 2019, Worldwide Logistics issued 2-year bonds, with par value $1,000,000, for $964,541. The bonds carry
Please don't handwrite the answers.
Part B On January 1, 2019, Worldwide Logistics issued 2-year bonds, with par value $1,000,000, for $964,541. The bonds carry 8% annual contract rate and interest is paid on June 30 and December 31. The bonds? annual market rate is 10% at the date of issue. + t Required: Based on the above information, compute the items (a) to (h) as indicated below and write your answers on the answer book. (8 marks) Cash Interest Paide Interest Expense- Discount Amortization Unamortized Discount Semiannual Interest periode Jan 1, 2019- Jun 30, 2019- Dec 31, 2019- Carrying Amount (b) 13 (c) (d) + t t t (h) (Note: Round the amount to the nearest dollar)Step by Step Solution
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