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Required Information [The following information applies to the questions displayed below.] On January 1, 2021. Vacation Destinations issues $25 million of bonds that pay interest

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Required Information [The following information applies to the questions displayed below.] On January 1, 2021. Vacation Destinations issues $25 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below. (2) (3) Cash Pald Interest Increase in Carrying Value Carrying for Interest Expense Date 1/1/2021 6/30/2021 12/31/2021 Value $23.274,007 23,425.837 23,480.000 $1,000,000 1,000,000 $1,051,830 1,054,163 $51,830 54,163 2. What is the original issue price of the bonds? (Enter your answer in dollars, not millions. (.e.. $5.5 million should be entered as 5.500.000) ISSN price 3. What is the face amount of the bonds? (Enter your answer in dollars, not millions (l.e. $5.5 million should be entered as 5.500.000).) Face amount 4. What is the stated annual interest rate? Started annual interest rate 5. What is the market annual Interest rate? (Round your answer to the nearest whole percent) Market annual interest rate 6. What is the total cash paid for interest assuming the bonds mature in 10 years? (Enter your answer in dollars, not millions.... $5.5 million should be entered as 5,500,000).) Tobilcashires

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