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Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Highlands Resort issues
Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Highlands Resort issues $22 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Problem 9-6A (Algo) Part 2 1a. Whats the original issue of the bonds? 2a. What is the face amount of the bonds? 3a. What is the annual interest rate? 4a. What is the market annual interest rate? 5a. What is the total cash paid for interest assuming the bonds mature in 10 years
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