Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Coney Island Entertainment issues $$1,100,000$ of $7\%$ bonds, due in $20$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assume that the market interest rate is $8\%$ and the bonds issue at a discount.

$2$a$.$ Calculate the issue price of a bond.

$2$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Complete this question by entering your answers in the tabs below.

Calculate the issue price of a bond.

Issue priceRequired information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Coney Island Entertainment issues $$1,100,000$ of $7\%$ bonds, due in $20$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assume that the market interest rate is $8\%$ and the bonds issue at a discount.

$2$a$.$ Calculate the issue price of a bond.

$2$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Complete this question by entering your answers in the tabs below.

Req $2A$

Req $2$B

Complete the first three rows of an amortization schedule. $($Use appropriate factor$($s$)$ from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.$)$

$\backslash$table$[[$Date$,$Cash Paid,Interest Expense,$\backslash$table$[[$Change in$],[$Carrying Value$]],$Carrying Value$],[\frac{1}{1}\frac{?}{2024},,,,],[\frac{6}{30}\frac{?}{2024},,,,],[\frac{12}{31}\frac{?}{2024},,,,]]$