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Please fill out in shown format. On January 1, 2024, Bonita Ltd, issued bonds with a maturity value of $4,85 milion for $4,653,311, when the
Please fill out in shown format.
On January 1, 2024, Bonita Ltd, issued bonds with a maturity value of $4,85 milion for $4,653,311, when the market rate of interest was 8%. The bonds have a contractual interest rate of 7% and mature on January 1.2029. Interest on the bonds is payable semiannually on July 1 and lanuary 1 of each year. On January 1, 2024, Sunland Company, a public company, purchased Bonita Ltd. bonds with a maturity value of $0.97 million to earn interest. On December 31, 2024, the bonds were trading at 98 . Both companies' year end is December 31. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Your answer is correct What amount did Sunland Company pay for Bonita Ltd's bonds? (Round andwer to 0 decimal ploces es. 5.275.) 5 Prepare a bond amortization schedule for Sunland Company for the first four interest periods. (Round answers to O decimal piaces. eg. 5,275.) Step by Step Solution
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