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Required information P10-9 (Algo) Recording and Reporting Bonds Issued at a Premium LO10-5 [The following information applies to the questions displayed below] Cron Corporation is

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Required information P10-9 (Algo) Recording and Reporting Bonds Issued at a Premium LO10-5 [The following information applies to the questions displayed below] Cron Corporation is planning to issue bonds with a face value of $810.000 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. Note: Use Excel. P10.9 Part 3 3. What amount of cash should be paid to investors June 30 and December 31 of this year? Required information P10-9 (Algo) Recording and Reporting Bonds Issued at a Premium LO10-5 [The following information applies to the questions displayed below] Cron Corporation is planning to issue bonds with a face value of $810,000 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 Note: Use Excel. P10.9 Part 4 4. What is the book value of the bonds on June 30 and December 31 of this year? Note: Round your final answers to neorest whole dollor amount

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