question 3 (10 marks) payable. The bonds were issucd to yield 5%. The company uses effective intereat amertization for the discount. Due to changes in interest rates, these bonds were selling is the earket at the end of Dececatier 2021 at an effective rate of 3%. Becamse the company had available cavh, half of the boeds were parchased in the market and retinod on Jaenary 1, 2022, at 103. Shew your calculetions (calculater inpute) a) Calculate the issat prise of the bonds by Horgen Corp. on July 1, 2020 b) Calculate the book (camping value) of the bonds on December 31. 2021. c) Besides havigg some available cash, explain one reason why Horgen oxight want to retire their bonds. question 3 (10 marks) payable. The bonds were issucd to yield 5%. The company uses effective intereat amertization for the discount. Due to changes in interest rates, these bonds were selling is the earket at the end of Dececatier 2021 at an effective rate of 3%. Becamse the company had available cavh, half of the boeds were parchased in the market and retinod on Jaenary 1, 2022, at 103. Shew your calculetions (calculater inpute) a) Calculate the issat prise of the bonds by Horgen Corp. on July 1, 2020 b) Calculate the book (camping value) of the bonds on December 31. 2021. c) Besides havigg some available cash, explain one reason why Horgen oxight want to retire their bonds