Witt works as an analyst for an independent, internet-based research company and publishes a recommendation on a different company every month. Witt monitors a number of discussion boards regarding the technology sector. Under pressure to produce the next recommendation, Witt creates a report based on the content of the discussion boards plus a few news articles. Witt's actions are a. Inappropriate because information obtained through the internet is inherently unreliable. appropriate because he has gathered information from both the discussion boards and news articles to get a consensus view, Hide Couro Menu inappropriate because he did not use diligence in conducting the research and his report does not have a reasonable basis. 3.333 points Save Terrapin, Inc. issues bonds with a par value of $20,000,000 on January 1, 2020. The bonds have an annual coupon rate of 6%, pay interest annually, and will mature in 7 years, if the market rate of interest on the bonds is 9% per year, then what are the cash proceeds from issuing the bonds? (Note: the company uses the effective interest method of amortization.) a $16,933,152 6.516,980,228 c. $20,000,000 d.$18,922,142 e. $17,917,452 Terrapin, Inc. issues bonds with a par value of $20,000,000 on January 1, 2020. The bonds have an annual coupon rate of 6%, pay interest annually, and will mature in 7 years. if the market rate of interest on the bonds is 9% per year, then what is the annual interest expense that the company will report for the year ending December 31, 2024? Note: the company uses the effective interest method of amortization a. $1,725,008 b.$1,663,310 C. $1,589,959 d. $1,615,095 e 1,200,000 Terrapin, Inc. issues bonds with a par value of $20,000,000 on January 1, 2020. The bonds have an annual coupon rate of 6%, pay interest annually, and will mature in 7 years, if the market rate of interest on the bonds is 99 per year, then what is the carrying amount of the bonds at December 31, 2023? (Note: the company uses the effective interest method of amortization) a. 518,944,533 b. 520,000,000 C. 518,481,223 d. $18,841.623 e 518,065.172 Terrapin, Inc. issues bonds with a par value of $20,000,000 on January 1, 2020. The bonds have an annual coupon rate of 6%, pay interest annually, and will mature in 7 vears. If the market rate of interest on the bonds is 9% per year, then what is the annual interest expense the company will report if it uses the straight-line method to amortize the bond discount? a $1,528,221 b.$1,415,224 c $1,625,055 d. $1,200,000 e. $1,631,396