Please help! I will give thumbs up! Thanks MeNeil Corporation issued...
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MeNeil Corporation issued 9650,000 of 14%, 10 -year bonds payable on January 1,2022 . The market interest rate at the date of issuance was 12%, and the bonds pay interest semiannually (on June 30 and December 31). McNei Corporation's year-end is June 30 . Read the reguirements. 1. Using the PV function in Excel, calculate the issue price of the bonds. (Round your answer to the nearest whole dollat.) The issue price of the bonds is Requirements 1. Using the PV tunction in Excel, calculate the issue price of the bends. 2. Prepare an effective-interest amorization table for the bonds through the first three interest payments. Round amounts to the nearest dollar. 3. Record MeNeil Corporation's issuance of the bonds on January 1, 2022, and payment of the frst semiannual interest amount and amortization of the bond premium on June 30, 2022. Explanasions are not required
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