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E9-30A (similar to) Country Bank has$550,000 of 4% debentre...

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Accounting

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E9-30A (similar to) Country Bank has$550,000 of 4% debentre bonds outstanding The bonds were issued at 106 in 2016 and mate in 2036 The bonds have anual iteea 1. How mach cash did Country Bank receive when iissued these bonds? 2. How much cash in fotal will Country Bank pay the bondholders through the maturity date of the bonds? 3. Calculate the diference betweon your answers to requirements 1 and 2. This diflerence represents Counbry Bank's total interest expense over the Sle of the bonds 4. Compute Country Bank's annual interest expense by the straight-line amortiration method Multiply this amount by 20. Your 20 year total should be the sam Requirement 1. How much cash did Country Bank receive when &issued these bonds? Country Bank received S at bond issuance ents utorin Enter any number in the edit fields and then click Check Answer Clear Al Check Answer 5 Pemaning e to search 144 9 6

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