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Pool Corporation Inc. sells swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange. The majority of Pool
Pool Corporation Inc. sells swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange. The majority of Pools customers are small, familyowned businesses. Assume that Pool issued bonds with a face value of $ on January of this year and that the coupon rate is percent. At the time of the borrowing, the market interest rate was percent. The debt matures in years. Pool pays interest on this debt on June and December of each year.
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What was the issue price on January of this year? Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole thousand.
What amounts of interest should be paid on June and December of this year? Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole thousand.
What amounts of interest expense should be recorded on June and December of this year?Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole thousand.
Determine the carrying amounts of the bonds on June and December of this year. Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole thousand.
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