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Bradley Nowell Co. issued $100,000 face value, 8% stated rate, 3 year bonds on 1/1/2011. The bonds pay interest semi-annually on June 30th and December
Bradley Nowell Co. issued $100,000 face value, 8% stated rate, 3 year bonds on 1/1/2011. The bonds pay interest semi-annually on June 30th and December 31st. At the time of issuance, the market rate of interest was 12%. Calculate the bond issue price. Go to 2 decimal places. [ Select ] Fill in the following bond amortization table for the bond described in the previous problem. A B D Date Carrying Value, Beg. Cash Interest Expense Interest =B*6% Date Carrying Value, Beg. Cash Interest Expense Interest =B*6% 6/30/11 $90,165.35 $4,000 [Select] 12/31/11 [ Select] $4,000 [Select] 6/30/12 V [ Select) $4,000 [ Select] 12/31/12 [ Select ] $4,000 [ Select] 6/30/13 [ Select] $4,000 [Select] 12/31/13 [Select] $4,000 [ Select ] Type here to search Discount Amort. Carrying Value, End =D - =B + E [Select] [Select] [Select ] [ Select] [Select ] [ Select]
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