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Question 4 (20 points) Tu-Tu Corp issues a 6-year, $100,000 bond with a stated interest rate of 10.00% The market rate is 8.00%. Interest is
Question 4 (20 points) Tu-Tu Corp issues a 6-year, $100,000 bond with a stated interest rate of 10.00% The market rate is 8.00%. Interest is paid semi-annually. What is the amortized premium amount at the end of year 3? (The effective interest rate method of amortization is used.) a) $649.57 I b) $675.55 c) None of these is the correct answer d) $624.59 Question 5 (1 point) Saved On 01 November 2020, Duckie Inc. borrows $151,867.50. It agrees to make 4 annual payments of an equal amounts. The interest rate is 12.00%. What is the dollar amount of the total annual payments each year? (do not use a dollar sign and do not use include a comma or any cents .00.) 50000 finn 6.11 noint) Saved
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