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! Required information [ The following information applies to the questions displayed below. ] PowerTap Utilities is planning to issue bonds with a face value
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The following information applies to the questions displayed below.
PowerTap Utilities is planning to issue bonds with a face value of $ and a coupon rate of percent. The bonds mature in years and pay interest semiannually every June and December All of the bonds were sold on January of this year. PowerTap uses the effectiveinterest amortization method. Assume an annual market rate of interest of percent. FV of $ PV of $ FVA of $ and PVA of $
Note: Use appropriate factors from the tables provided.
What amount of cash should be paid to investors June and December of this year?
tableJune December Cash paid,,
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