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To finance the additional real estate and production facisties necessary to mieet the increasing globul demand for the company's firoducts, the compony decided to issue
To finance the additional real estate and production facisties necessary to mieet the increasing globul demand for the company's firoducts, the compony decided to issue bonds, On May 1.2024, it issyed 20 year, semi-annual bonds with a face yalue of $93,000,000. The contract rate on the bonds was 10.40S and the bend were issued at 96.70 to vield 10800 . Interest paymonts are to be made each Octeiber 31 and April30. (a) Determine the misting arnounts in the bond arror tization schedule belov: (Pound answers to 0 decimal places, eg. 125 )
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