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what do i have wrong??? Return to question 5 Quatro Co. issues bonds dated January 1, 2017, with a par value of $400,000. The bonds,
what do i have wrong???
Return to question 5 Quatro Co. issues bonds dated January 1, 2017, with a par value of $400,000. The bonds, annual contract rate is 13% 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 12%, and the bonds are sold for $409,850 0.28 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an amortization table for these bonds, use the straight-line method to amortize the premium points Answer is complete but not entirely correct Complete this question by entering your answers in the tabs below Required1Required 2Required 3 Prepare an amortization table for these bonds; use the straight-line method to amortize the premium. (Round your intermediate calculations to the nearest dollar amount.) emiannua Carrying Value Unamortized Premium Interest Period End 01/01/2017$9,850$ 409,850 8,208408,208 6,566406,256 4,924404,614 3,282402,972 06/30/2017 12/31/2017 06/30/2018 12/31/2018 1,330 06/30/2019 401,330 12/31/2019 400,000Step by Step Solution
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