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WALKER HAS THE FOLLOWING INFORMATION PERTAINING TO THE ISSUANCE OF A BOND: BOND FACE AMOUNT 400,000 BOND ISSUE PRICE 453.862 6% STATED INTEREST RATE (PAID
WALKER HAS THE FOLLOWING INFORMATION PERTAINING TO THE ISSUANCE OF A BOND: BOND FACE AMOUNT 400,000 BOND ISSUE PRICE 453.862 6% STATED INTEREST RATE (PAID ONCE ANNUALLY) YIELD RATE 4% TERM 8 YEARS ASSUME EFFECTIVE INTEREST METHOD USED. REQUIRED: HOW MUCH INTEREST EXPENSE WILL WALKER RECORD IN YEAR TWO? (ROUND TO NEAREST DOLLAR) REQUIRED: WHAT IS THE CARRYING VALUE OF THE BOND IMMEDIATELY FOLLOWING THE YEAR TWO INTEREST PAYMENT? (ROUND TO NEAREST DOLLAR)
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