For 4 - 6 use the following: The company issues 5% 10-year bonds with a...
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Accounting
For 4 - 6 use the following: The company issues 5% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 4.9%. n% PVPVA 105.00%0.61391 7.7217 104.90%0.61979 7.7594 202.50% 0.61027 15.5892 20 2.45%0.61626 15.6630 (round to nearest dollar) 4. What is the issue price of the bond? $ s. What is the interest expense for the first interest payment? $_ 6. What is the bond liability after the first interest payment? $ For 7 - 10 use the following
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