Tahoe Tent ud issued bonds with a par value of $803,000 on January 1 2017...
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Tahoe Tent ud issued bonds with a par value of $803,000 on January 1 2017 The annual contract rate on the bonds was 13.50%, and the interest is paid semiannually. The bonds mature after three years. The annual market interest rate at the date of issuance was 11.50%, and the bonds were sold for $842,798 a. What is the amount of the orginal premium on these bonds (Use financial calculator for calculating PV's. Premium / b. How much total bond interest expense will be recognized over the life of these bonds? (Do not round intermediate Round the final answer to the nearest whole dollar.) Total interest expense (Do not round intermediate calculations. Round the final answers to the nearest whole C. Present an amortization table for these bonds, use the effective interest method of allocating the interest and amortizing dollar. Enter all the amounts as positive values.) Period Ending Cash Interest Paid Period Interest Expense Premium Amort Unamortized Carrying Value Premium Jan 1/17 June 30/17 Dec 31/17 June 30/18 Dec 31/18 June 30/19 Dec 31/19 Totals
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