Question Help E9-16A (similar to) Municipal Bank has $350,000 of 10% debenture bonds outstanding. The bonds were issued at 106 in 2018 and mature in 2038. The bonds have annual interest payments Read the requirements Requirement 1. How much cash did Municipal Bank receive when it issued those bonds? Municipal Bank received $ ot bond insuance Requirements 1. How much cash did Municipal Bank receive when it issued these bonds? 2. How much cash in total wil Municipal Bank pay the bondholders through the maturity date of the bonds? 3. Calculate the difference between your answers to requirements 1 and 2. This difference represents Municipal Bank's total interest expense over the life of the bonds 4. Compu Municipal Bank's annual interest expense using the straight-line amortization method. Multiply this amount by 20. Your 20-year total should be the same as your answer to requirement 3 Print Dono Enter any number in the edit fields and then click Check Answer 5 parts ramasinin Clear All Check