Question
Sunland Technologies Ltd. issued bonds with a face value of $74,000,000 that mature in 15 years. The bonds carry a 5.0 % interest rate
Sunland Technologies Ltd. issued bonds with a face value of $74,000,000 that mature in 15 years. The bonds carry a 5.0 % interest rate and are sold at 104.30 to yield 4.60%. The bonds pay interest semi-annually. (a) Complete the first four payments of the bond amortization schedule below: (Round answers to 0 decimal places, e.g. 125.) Date Issuance Payment 1 $ Payment 2 Payment 3 Payment 4 Interest Payment $ Interest Expense $ Amortization of Bond Premium Balanc Bond Pre Sunland Technologies Ltd. issued bonds with a face value of $74,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are sold at 104.30 to yield 4.60%. The bonds pay interest semi-annually. (a) Complete the first four payments of the bond amortization schedule below: (Round answers to O decimal places, e.g. 125.) Interest Expense $ Amortization of Bond Premium Balance of Bond Premium Carrying Value of Bonds $3,182,000 $77,182,000
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