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Stuck on #3 Tano issues bonds with a par value of $93,000 on January 1, 2015, The bonds' annual contract rate is 7%, and interest

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Stuck on #3
Tano issues bonds with a par value of $93,000 on January 1, 2015, The bonds' annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $90,561. 1. What is the amount of the discount on these bonds at issuance? iscount $ 2.439 2. How much total bond interest expense will be recognized over the life of these bonds? Total bond interest expense over life of bonds: Amount repaid 6 payments of $ Par value at maturity 3,255 $ 19,530 93,000 112,530 (90,561) Total repaid Less amount borrowed Total bond interest expense 5 21.969

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