Saved Garcia Company issues 10.00% 15-year bonds with a par value of $330,000 and semiannual interest payments on the issued te the annual market rate for these bonds is 14.00%, which implies a selling price of 77 12 The effective interest method is used to allocate interest expense 1. Using the implied selling price of 7 V2, what are the issuer's cash proceeds from issuance of these bonds. 2. What total amount of bond interest expense will be recognized over the life of these bonds? Total Bond Interest E e Over Life of Bonds: Amount repaid: payments of Par value at maturity Total repayments Less amount borrowed (from part 1) Total bond interest expense 3. What amount of bond interest expense is recorded on the first interest payment date? Prev 9of 13111 Next > MacBook Air F7 20 F5 FI F2 8 0