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Required information P 1 0 . 9 ( Algo ) Recording and Reporting Bonds Issued at a Premium L 0 1 0 - 5 [

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Required information
P10.9(Algo) Recording and Reporting Bonds Issued at a Premium L010-5
[The following information applies to the questions displayed below.]
Cron Corporation is planning to issue bonds with a face value of $860,000 and a coupon rate of 13 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Cron uses the effective-interest amortization method. Assume an annual market rate of interest of 12 percent. (FV of $1,PV of $1,FVA of $1, and PVA of $1)
Note: Use appropriate factor(s) from the tables provided.
P10-9 Part 3
3. What amount of cash should be paid to investors June 30 and December 31 of this year?
\table[[,June 30,December 31],[Cash paid,,]]
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