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Quatro Co. issues bonds dated January 1, 2019, with a par value of $740,000. The bonds' annual contract rate is 13%, and interest is paid
Quatro Co. issues bonds dated January 1, 2019, with a par value of $740,000. The bonds' annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $758,222. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Carrying Value Semiannual Interest Unamortized Period-End Premium 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 0 12/31/2021
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