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Blossom, a Crown corporation owned by the government, issued bonds to finance the construction of...

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Accounting

image Blossom, a Crown corporation owned by the government, issued bonds to finance the construction of the next generation of observation satellites. On January 1, 2024, Blossom issued 7\%, 15 -year bonds with a face value of $192,000,000. The bonds will pay interest semi-annually on June 30 and December 31. (a) Calculate the amount of cash Blossom will receive if the bonds are sold under each of the following bond alternatives: i. 7% (issued at par) ii. a price of 95.542 to yield 7.5% iii. a premium in the amount of $9,120,000 and first interest payment of $6,536,400

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