S9-7 (similar to) Question Help Cowen Corporation issued $530,000 of 6%, 15-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 9%, and the bonds pay interest semiannually. Cowen Corporation's year-end is March 31. Review the following amortization table for Cowen's bonds: (Click the icon to view the amortization table.) Read the requirements. 1. How much cash did Cowen Corporation borrow on March 31, 2019? How much cash will the company pay back at maturity on March 31, 2034? Cowen borrowed cash in the amount of $ on March 31, 2019. S9-7 (similar to) Question Help Cowen Corporation issued $530,000 of 6%, 15-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 9%, and the bonds pay interest semiannually. Cowen Corporation's year-end is March 31. Review the following amortization table for Cowen's bonds: (Click the icon to view the amortization table.) Read the requirements. X i Reference back at 1. How maturity Cowen bol Semiannual Interest Date Interest Payment Interest Expense Discount Amortization Discount Balance Bond Carrying Amount Mar 31, 2019 $ 129,497 $ 400,503 Sep 30, 2019 $ 15,900 $ 18,023 $ 2,123 127,374 402,626 Mar 31, 2020 15,900 18,118 2,218 125, 156 404,844 Sep 30, 2020 15,900 18,218 2,318 122,838 407,162 Print Done S9-7 (similar to) Question Help Cowen Corporation issued $530,000 of 6%, 15-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 9%, and the bonds pay interest semiannually. Cowen Corporation's year-end is March 31. Review the following amortization table for Cowen's bonds: (Click the icon to view the amortization table.) Read the requirements. i 1. How much maturity on N Requirements X ay back at Cowen borra Using the amortization table for Cowen's bonds, answer the questions below: 1. How much cash did Cowen Corporation borrow on March 31, 2019? How much cash will the company pay back at maturity on March 31, 2034? 2. How much cash interest will the company pay each six months? 3. How much interest expense will Cowen Corporation report on September 30, 2019, and on March 31, 2020? Why does the amount of interest expense increase each period? Print Done