Please answer all four questions ASAP InterTech Corporation needed financing to build a...
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Please answer all four questions ASAP
InterTech Corporation needed financing to build a new manufacturing plant. On June 30th of 2021 InterTech issued $2,175,000 bonds with a 6% coupon rate (payments due on December 31st and June 30th). The bonds were sold for $1,921,500 with an effective interest rate of 8%. Question: What is the amount of interest payment on December 31st of 2021? Question: What is the amount of interest expense associated with these bonds for 2021 ? Question: How much was InterTech's reported gain or loss from the bond repurchase? Please use positive numbers for gain, and negative numbers for loss. Question: Which one of the followings best describes the effective interest rate on July 1st,2022. Equals 8\% More than 8\% Less than 8\%
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