State Bank has $300,000 of 10% debenture bonds outstanding. The bonds were issued at 102 in 2018 and mature in 2038 The bonds have annual interest payments Read the requirements Requirement 1. How much cash did State Bank receive when it issued these bonds? State Bank received at bond issuance. Requirement 2. How much cash in total will State Bank pay the bondholders through the maturity date of the bonds? State Bank will pay the bondholders through the maturity date of the bonds. Requirement 3. Calculate the difference between your answers to requirements 1 and 2 This difference represents State Bank's total interest expense over the life of the bonds. The difference between your answers to requirements 1 and 2 is $ Requirement 4. Compute State Bank's annual interest expense using the straight-line amortization method. Multiply this amount by 20. Your 20-year total should be the same as your answer to requirement 3 State Bank's annual interest expense using the straight-line amortization method is $ Multiply the annual interest expense by 20. The 20-year straight-line interest total is $ Is your 20-year total the same as your answer to requirement 3? Enter any number in the edit fields and then continue to the next question. nt 2. How much cash in total will State Bank pay the bondholders through the maturity date of the bonds? will Requirements nt 3. inter sents State ultiply this ced 1. How much cash did State Bank receive when it issued these bonds? 2. How much cash in total will State Bank pay the bondholders through the it 4. maturity date of the bonds? DY 3. Calculate the difference between your answers to requirements 1 and 2. This difference represents State Bank's total interest expense over the life of the difference on anbonds 4. Compute State Bank's annual interest expense using the straight-line amortization method. Multiply this amount by 20. Your 20-year total should be the same as your answer to requirement 3. ann stra ar Print Done