Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the...
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Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Paradise Hollow Resort issues $33 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Move with text Issue price 3. What is the face amount of the bonds? (Enter your answer in whole dollars, not millions (i.e., $5.5 million should be entered as 5,500,000).) 4. What is the stated annual interest rate? 5. What is the market annual interest rate? (Round your answer to one decimal place.) 6. What is the total cash paid for interest assuming the bonds mature in 10 years? (Enter your answer in whole dollars, not millions (i.e., $5.5 million should be entered as 5,500,000 ). )
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Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Paradise Hollow Resort issues $33 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Move with text Issue price 3. What is the face amount of the bonds? (Enter your answer in whole dollars, not millions (i.e., $5.5 million should be entered as 5,500,000).) 4. What is the stated annual interest rate? 5. What is the market annual interest rate? (Round your answer to one decimal place.) 6. What is the total cash paid for interest assuming the bonds mature in 10 years? (Enter your answer in whole dollars, not millions (i.e., $5.5 million should be entered as 5,500,000 ). ) 