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  3. aam office equip has issued $100,000,000 of bonds.

AAM Office Equip has issued $100,000,000 of bonds. They mature in 15 years and have...

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Accounting

  1. AAM Office Equip has issued $100,000,000 of bonds. They mature in 15 years and have a 7% coupon rate. When issued, the market rate for similar bonds was 8.75%. Assume this caused the bonds to be sold for $91,000,000. AAM amortizes and premiums and discounts on a straight line method. The bond pays interest annually with principle due at maturity. Assuming no late payments or early retirement of the bond, at maturity, after all interest and principle payments, the total cash outflow for this bond will have been

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