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Problem 14.3B Amortization of bond premlum-using business calculator PV function ( LO4, (G) 6 e col CHECK FIGURES: $418,089; b. Total interest expense =$221,911 On

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Problem 14.3B Amortization of bond premlum-using business calculator PV function ( LO4, (G) 6 e col CHECK FIGURES: $418,089; b. Total interest expense =$221,911 On September 1, 2023. Messner Corp, issued a S400,000. 15s, fourgear hond Interest is payable semannually beginning March 1. 2024 Required a. Calculate the bond issue price assuming a market interest rate of 13 . 58 on the date of issoce b. Uuing the eflective interest method, prepare an amortization schefule similar to 9 Fulhibit 14.16. Problem 14.3B Amortization of bond premlum-using business calculator PV function ( LO4, (G) 6 e col CHECK FIGURES: $418,089; b. Total interest expense =$221,911 On September 1, 2023. Messner Corp, issued a S400,000. 15s, fourgear hond Interest is payable semannually beginning March 1. 2024 Required a. Calculate the bond issue price assuming a market interest rate of 13 . 58 on the date of issoce b. Uuing the eflective interest method, prepare an amortization schefule similar to 9 Fulhibit 14.16

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